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South Korea Agrochemical Industry Outlook 2022 - 2026

See how South Korea Agrochemical performed compared to key markets such as China, the United States and Brazil.

Key Market Indicators

Korea's pesticide consumption is expected to drop by 1.8% annually until 2026, when it is projected to reach nearly 15,000 metric tons. This is a decrease of 3.5% from 1995. In 2021, the country ranked 28th in the world, falling behind Uruguay at 16,600 metric tons. The United States, Brazil, and Argentina were ranked 2nd, 3rd, and 4th respectively. Imports of pesticides into Korea are expected to fall by 22.2% annually until 2026, when it is projected to reach 27,370 metric tons. Since 1995, demand has decreased by 11.5%. In 2021, the country ranked 8th in the world, with Egypt ahead at 108,740 metric tons. Thailand, Germany, and Taiwan were ranked 2nd, 3rd, and 4th respectively. Finally, exports of pesticides from Korea are expected to increase by 2.3% annually until 2026, when it is predicted to reach 306,030 metric tons. Since 1995, the country's supply has grown by 6.1%. In 2021, Belgium was ahead with 267,610 metric tons, while Germany, Saudi Arabia, and the United Kingdom ranked 2nd, 3rd, and 4th respectively.

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