The import of chicory plant bulbs, tubers, and corms to Thailand has shown significant variations over the past decade. From 2013 to 2023, there has been a notable upward trend, with an initial fluctuating phase followed by consistent growth in recent years. The year 2023 saw a volume standing at 124.62 Thousand Kilograms. Year-on-year variations indicate rapid increases during certain periods, such as 2014 and 2018, while some decline periods, such as 2015 and 2019. Over the past two years (2022-2023), the yearly growth stabilized at around 4-5%. Over the last five years, the CAGR averaged at 2.28%, reflecting steady but moderate growth.
Looking ahead, the forecast from 2024 to 2028 predicts a stable yet moderately accelerating trend with a projected 5-year CAGR of 3.12% and an overall growth rate of 16.58%. This suggests a growing but not exponential market for chicory plant imports into Thailand.
Future trends to watch for:
- Potential impacts of global supply chain dynamics on import volumes
- Emerging agricultural policies in Thailand that may affect demand
- Technological advancements in chicory cultivation and transportation
