South-Eastern Asia: Chicory Market 2025

Chicory Market Size in South-Eastern Asia

After three years of growth, the Southeast Asian chicory market decreased by -2.3% to $X in 2021. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.6% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2020, and then shrank modestly in the following year.

Chicory Production in South-Eastern Asia

In value terms, chicory production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 140%. The level of production peaked at $X in 2020, and then fell in the following year.

The country with the largest volume of chicory production was the Philippines (X tons), comprising approx. 94% of total volume. It was followed by Myanmar (X tons), with a 2.9% share of total production.

In the Philippines, chicory production remained relatively stable over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Myanmar (+0.7% per year) and Malaysia (+1.1% per year).

In 2021, the average yield of chicory in South-Eastern Asia contracted slightly to X tons per ha, approximately mirroring 2020 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by 1.1%. The level of yield peaked at X tons per ha in 2016; afterwards, it flattened through to 2021. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the chicory harvested area in South-Eastern Asia reached X ha, leveling off at the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 3.1% against the previous year. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2021, the harvested area stood at a somewhat lower figure.

Chicory Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of chicory increased by 67% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 78%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chicory exports shrank to $X in 2021. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 497% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Myanmar (X tons) was the major exporter of chicory, comprising 90% of total exports. It was distantly followed by Vietnam (X tons), achieving a 10% share of total exports.

Myanmar experienced a relatively flat trend pattern with regard to volume of exports of chicory. At the same time, Vietnam (+25.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +25.9% from 2012-2021. While the share of Vietnam (+8.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) and Myanmar ($X) appeared to be the countries with the highest levels of exports in 2021.

Vietnam, with a CAGR of +51.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, waning by -49% against the previous year. In general, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2014 when the export price increased by 235%. The level of export peaked at $X per ton in 2020, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Myanmar stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.5%).

Chicory Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of chicory increased by 1,003% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2021, Vietnam (X tons) represented the major importer of chicory in South-Eastern Asia, constituting 100% of total import.

Vietnam was also the fastest-growing in terms of the chicory imports, with a CAGR of +13.9% from 2012 to 2021. While the share of Vietnam (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported chicory in South-Eastern Asia.

In Vietnam, chicory imports expanded at an average annual rate of +41.9% over the period from 2012-2021.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 106% against the previous year. Overall, the import price enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when the import price increased by 184%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to +24.6% per year.

Source: IndexBox Platform

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