In 2023, the yield of Chicory and Lettuce in Australia stood at 166.27 thousand hectograms per hectare. Over the last two years, there has been a year-on-year decrease of 1.28% in 2022 and 1.27% in 2023. Analyzing the longer-term trend, the compound annual growth rate (CAGR) over the past five years shows an average annual decrease of 2.69%. Looking forward, the forecasted data from 2024 to 2028 suggests a continued decline in yield, with a forecast CAGR of -1.1% over the next five years.
Future trends to watch for:
- Impact of climate change on agricultural yields in Australia.
- Advancements in agricultural technology and methods to potentially counteract declining yields.
- Market demand fluctuations for chicory and lettuce, affecting farming decisions.