Key Market Indicators
Argentina is set to see consumption of herbicides rise 1.3% annually over the next five years, from 270,860 metric tons in 2021 to 294,700 metric tons in 2026. Since 2013, Argentinian market growth has averaged 4.5%. The US came in at number one in 2021, with Argentina, Australia, and Canada following in second, third, and fourth place respectively. Export of herbicides from Argentina is expected to drop 6.5% annually, from 27,844,000 kilograms in 2021 to 18,909,000 kilograms in 2026. Since 1998, Argentinian supply has decreased by 6% year-on-year. Hungary came in at number one in 2021, with the US, Belgium, and France following in second, third, and fourth place respectively. Import of herbicides into Argentina is forecast to grow 2% annually over the next five years, from 53,326,000 kilograms in 2021 to 59,899,000 kilograms in 2026. Since 1998, Argentinian demand has risen 2.7% year-on-year. Germany topped the ranking in 2021, with Brazil, Nigeria, and the US following in second, third, and fourth place respectively.
