The UK's chicory and lettuce gross production is forecasted to decline from $43.45 million in 2024 to $38.59 million by 2028. This indicates a steady decline in market value by approximately 10.7% over the forecasted period. The year-on-year variation shows a consistent decrease of roughly 3% annually, leading to a Compound Annual Growth Rate (CAGR) of -2.3% from 2024 to 2028. For context, the 2023 production value stood similar or slightly higher than the projection for 2024.
Future trends to monitor:
- Impact of climate change on crop yields
- Shifts in consumer preferences towards alternative crops
- Potential trade and economic policies affecting agri-food imports
- Technological advancements that could enhance production efficiencies
