Asia: Chicory Market 2025

Chicory Market Size in Asia

The Asian chicory market reached $X in 2021, with an increase of 2.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Chicory Production in Asia

In value terms, chicory production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

The countries with the highest volumes of production in 2021 were the Philippines (X tons), Kazakhstan (X tons) and India (X tons), with a combined 96% share of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the Philippines (with a CAGR of +0.9%), while production for the other leaders experienced mixed trends in the production figures.

In 2021, the average chicory yield in Asia fell modestly to X tons per ha, flattening at 2020. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 0.8%. Over the period under review, the chicory yield attained the maximum level at X tons per ha in 2020, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of chicory in Asia stood at X ha, leveling off at the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by 2.6%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Chicory Exports

Exports in Asia

In 2021, approx. X tons of chicory were exported in Asia; rising by 17% compared with the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 161%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, chicory exports contracted to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 144%. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted modestly in the following year.

Exports by Country

In 2021, India (X tons) was the major exporter of chicory, achieving 80% of total exports. It was distantly followed by Myanmar (X tons), constituting an 18% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to chicory exports from India stood at +14.4%. At the same time, Vietnam (+25.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.9% from 2012-2021. Myanmar experienced a relatively flat trend pattern. While the share of India (+80 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Myanmar (-68.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest chicory supplier in Asia, comprising 74% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports.

In India, chicory exports expanded at an average annual rate of +10.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+51.7% per year) and Myanmar (+1.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, declining by -17% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 79%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.5%), while the other leaders experienced mixed trends in the export price figures.

Chicory Imports

Imports in Asia

In 2021, overseas purchases of chicory increased by 22% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2014 when imports increased by 271%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chicory imports surged to $X in 2021. In general, imports continue to indicate tangible growth. The pace of growth appeared the most rapid in 2014 when imports increased by 249%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Yemen (X tons) was the largest importer of chicory, creating 67% of total imports. Vietnam (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (11%) and China (7.2%).

From 2012 to 2021, average annual rates of growth with regard to chicory imports into Yemen stood at -7.2%. At the same time, Taiwan (Chinese) (+30.8%), Vietnam (+13.9%) and China (+9.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of +30.8% from 2012-2021. While the share of Vietnam (+11 p.p.), Taiwan (Chinese) (+10 p.p.) and China (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Yemen (-23.5 p.p.) displayed negative dynamics.

In value terms, the largest chicory importing markets in Asia were Taiwan (Chinese) ($X), Vietnam ($X) and Yemen ($X), together comprising 88% of total imports.

Among the main importing countries, Vietnam, with a CAGR of +41.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, jumping by 127% against the previous year. Overall, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+24.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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