Over the past decade, the harvested area of chicory and lettuce in Australia has shown fluctuations but maintained an overall stable trend. In 2023, the harvested area stood at 8.04 thousand hectares, indicating a modest 0.55% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years is calculated at 0.64%, reflecting steady but minimal growth.
Year-on-year variations reveal significant fluctuations in earlier years, with notable increases in 2014 and 2016 of 9.22% and 25.66% respectively, followed by declines in subsequent years. Since 2019, the annual growth rate has stabilized, ranging around 0.55% to 1.63%.
Future trends to watch for include potential impacts of climate change on harvested area, shifts in agricultural practices towards sustainable farming, and changes in consumer demand for chicory and lettuce. Forecasts indicate a continued but slow growth, with a forecasted 5-year CAGR of 0.4%, leading to a 2.03% overall growth by 2028.
