Report Update Feb 1, 2025

Eastern Asia - Chicory - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Chicory Market 2025

Chicory Market Size in Eastern Asia

For the third year in a row, the East Asian chicory market recorded growth in sales value, which increased by 250% to $X in 2021. Over the period under review, consumption saw a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chicory Production in Eastern Asia

In value terms, chicory production shrank slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 9%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Hong Kong SAR (X kg) and Japan (X kg).

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Hong Kong SAR (with a CAGR of +0.6%).

Chicory Exports

Exports in Eastern Asia

For the sixth consecutive year, Eastern Asia recorded growth in shipments abroad of chicory, which increased by 72% to X tons in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 237%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, chicory exports expanded markedly to $X in 2021. Overall, exports recorded perceptible growth. The pace of growth appeared the most rapid in 2019 when exports increased by 324%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Hong Kong SAR (X tons) and China (X tons) was the main exporter of chicory in Eastern Asia, achieving 99% of total export.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +172.7%).

In value terms, China ($X) emerged as the largest chicory supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +231.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, declining by -34.8% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2019 when the export price increased by 130%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.6%).

Chicory Imports

Imports in Eastern Asia

In 2021, approx. X tons of chicory were imported in Eastern Asia; with an increase of 130% compared with 2020 figures. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 187% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, chicory imports skyrocketed to $X in 2021. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons) and China (X tons) prevails in imports structure, together mixing up 98% of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +30.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported chicory in Eastern Asia, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports.

In Taiwan (Chinese), chicory imports expanded at an average annual rate of +41.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+11.9% per year) and South Korea (-10.9% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by 84% against the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chicory import price increased by +110.6% against 2017 indices. 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) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in Eastern Asia?

The countries with the highest volumes of chicory consumption in 2020 were South Korea and China.

What are the largest producers of chicory in Eastern Asia?

The countries with the highest volumes of chicory production in 2020 were Hong Kong SAR, Japan and Taiwan Chinese).

What are the leading suppliers of chicory in Eastern Asia?

In value terms, Japan emerged as the largest chicory supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was occupied by Taiwan Chinese) $413), with a 7.7% share of total exports. It was followed by Hong Kong SAR, with a 6.4% share.

What are the leading importers of chicory in Eastern Asia?

In value terms, South Korea and China appeared to be the countries with the highest levels of imports in 2020.

What is the average export price for chicory in Eastern Asia?

The chicory export price in Eastern Asia stood at $10,117 per ton in 2020, rising by 204% against the previous year.

What is the average import price for chicory in Eastern Asia?

In 2020, the chicory import price in Eastern Asia amounted to $958 per ton, picking up by 12% against the previous year.

This report provides an in-depth analysis of the chicory market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 459 - Chicory roots

Country coverage:

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Harvested Area, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Area Harvested, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Harvested Area, By Country, 2024
25. Harvested Area, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024