Chicory Market in Colombia
Market Overview
The Colombian chicory market declined dramatically to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2015 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
In value terms, chicory production fell notably to $ in estimated in export prices. In general, production continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Chicory production peaked at $ in 2017; however, from 2018 to , production failed to regain the momentum.
In, the average yield of chicory in Colombia was estimated at kg per ha, flattening at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The chicory harvested area in Colombia totaled ha in , almost unchanged from the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2015 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.In value terms, chicory production fell notably to $
in estimated in export prices. In general, production continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Chicory production peaked at $ in 2017; however, from 2018 to , production failed to regain the momentum.In
, the average yield of chicory in Colombia was estimated at kg per ha, flattening at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The chicory harvested area in Colombia totaled
ha in , almost unchanged from the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.Consumption
In , after five years of growth, there was decline in consumption of chicory, when its volume decreased by % to kg. Overall, consumption posted slight growth. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Chicory consumption peaked at kg in 2019, and then was estimated in the following year.
The value of the chicory market in Colombia contracted significantly to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild contraction. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Chicory consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain the momentum.
, after five years of growth, there was decline in consumption of chicory, when its volume decreased by % to kg. Overall, consumption posted slight growth. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Chicory consumption peaked at kg in 2019, and then was estimated in the following year.The value of the chicory market in Colombia contracted significantly to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a mild contraction. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Chicory consumption peaked at $ in 2017; however, from 2018 to , consumption failed to regain the momentum.Market Forecast
Driven by increasing demand for chicory in Colombia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to kg by the end of .
% for the period from to , which is projected to bring the market volume to kg by the end of .
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