In 2023, Japan's imports of fresh or chilled witloof chicory were valued at 1.41 million US dollars. Forecast data suggests a sequential decline from 2024 to 2028, with a value of 1.3358 million in 2024 to approximately 1.0407 million US dollars by 2028. Year-on-year, the forecasted decrease from 2024 to 2025 is 5.7%, and from 2025 to 2026 is 5.9%. The compound annual growth rate (CAGR) for this period is expected to be -5.7%, indicating a consistent reduction in import value.
Future trends to watch for include:
- Changes in consumer preferences in Japan towards locally grown produce that could further impact imports.
- Potential trade policies or agreements that might affect tariffs, influencing import costs and volumes.
- Global production shifts or climatic conditions in exporting countries that may alter supply dynamics.