Chicory Market in India
Market Overview
The Indian chicory market amounted to $
in 2019, approximately reflecting 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). Over the period under review, consumption recorded a relatively flat trend pattern. Chicory consumption peaked at $ in 2016; afterwards, it flattened through to 2019.
In value terms, chicory production soared to $ in estimated in export prices. In general, production recorded pronounced growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The average yield of chicory in India was estimated at kg per ha in , standing approx. at 2019 figures. In general, the yield recorded 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.
In, approx. ha of chicory were harvested in India; flattening at 2019 figures. In general, the harvested area showed a relatively flat trend pattern.
in 2019, approximately reflecting 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). Over the period under review, consumption recorded a relatively flat trend pattern. Chicory consumption peaked at $ in 2016; afterwards, it flattened through to 2019.In value terms, chicory production soared to $
in estimated in export prices. In general, production recorded pronounced growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.The average yield of chicory in India was estimated at
kg per ha in , standing approx. at 2019 figures. In general, the yield recorded 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.In
, approx. ha of chicory were harvested in India; flattening at 2019 figures. In general, the harvested area showed a relatively flat trend pattern.Consumption
After two years of decline, consumption of chicory decreased by % to kg in 2019. Overall, consumption showed a relatively flat trend pattern. Chicory consumption peaked at tonnes in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.
The size of the chicory market in India was estimated at $ in 2019, standing approx. at 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 relatively flat trend pattern. Chicory consumption peaked at $ in 2016; afterwards, it flattened through to 2019.
% to kg in 2019. Overall, consumption showed a relatively flat trend pattern. Chicory consumption peaked at tonnes in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.The size of the chicory market in India was estimated at $
in 2019, standing approx. at 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 relatively flat trend pattern. Chicory consumption peaked at $ in 2016; afterwards, it flattened through to 2019.Market Forecast
Driven by increasing demand for chicory in India, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, 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 .Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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