Chicory Market in Peru
In value terms, chicory production fell to $ in estimated in export prices. Overall, production saw a noticeable slump. The pace of growth was the most pronounced in 2014 when the production volume increased by % y-o-y. Chicory production peaked at $ in 2012; however, from 2013 to , production remained at a lower figure.
In , the average yield of chicory in Peru was estimated at kg per ha, stabilizing at 2019 figures. 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.
In , the chicory harvested area in Peru was estimated at ha, leveling off at the previous year. In general, the harvested area recorded a relatively flat trend pattern.
The size of the chicory market in Peru shrank 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 significant expansion. The growth pace was the most rapid in 2013 when the market value increased by % year-to-year. Chicory consumption peaked at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.