The forecast for the import of fresh or chilled witloof chicory to Germany shows a gradual decline from 2024 to 2028, starting at 16.509 million USD and decreasing to 16.01 million USD. In 2023, the actual import value stood at 16.634 million USD, resulting in a year-on-year decrease of about 0.75% for 2024.
Analyzing the yearly trend from 2024 to 2028, the year-on-year percentage decrease is approximately 0.75%. The compound annual growth rate (CAGR) over this period is around -0.77%, suggesting a consistent downward trend.
Future trends to watch for include:
- Potential impact of economic conditions in Germany, influencing import demand.
- Changing consumer preferences towards organic or locally grown produce which might affect import levels.
- Trade policy changes within the EU that could modify competitive pricing and supply chains.