Based on the provided data, the year-on-year percentage variations for the gross production value of Chicory and Lettuce (expressed in Million US Dollars PPP = 2004–2006) from 2024 to 2028 are as follows:
- 2024 to 2025: ((159.15 - 152.1) / 152.1) * 100 ≈ 4.63%
- 2025 to 2026: ((166.13 - 159.15) / 159.15) * 100 ≈ 4.38%
- 2026 to 2027: ((173.04 - 166.13) / 166.13) * 100 ≈ 4.16%
- 2027 to 2028: ((179.88 - 173.04) / 173.04) * 100 ≈ 3.95%
Compound Annual Growth Rate (CAGR) from 2024 to 2028 can be calculated as: CAGR = ((179.88 / 152.1)^(1/4) - 1) * 100 ≈ 4.31%
Future Trends
Moving forward, key trends to watch for include advancements in agricultural technology, shifts in consumer preferences towards organic produce, and potential changes in trade policies or tariffs that could affect the market. Monitoring these factors will provide insights into the future growth trajectory of this sector.
