In 2023, the import value of fresh or chilled chicory to Germany stood at 19 million US Dollars. The forecasted data indicates a steady decline in import value over the next five years, with values expected to drop from 18.339 million USD in 2024 to 15.545 million USD by 2028. This translates to a year-on-year decrease of approximately 3.93% annually over the period. The five-year compound annual growth rate (CAGR) shows an average decline of around 3.56% per year.
Future trends to watch include:
- The impact of local chicory production which might reduce reliance on imports.
- Changing consumer preferences potentially affecting demand for chicory.
- Economic factors such as currency fluctuations and trade policies that could further influence import values.
