Key Market Indicators
Korea's herbicide consumption is forecast to drop by 0.1% annually, to reach 5,440 metric tons by 2026. This is a slight decrease from the 5,460 metric tons recorded in 2021, when Korea ranked 13th globally. Italy overtook Korea in 2021, with 5,460 metric tons. Argentina, Australia, and Canada ranked 2nd, 3rd, and 4th respectively. Korean exports of herbicides are projected to remain at 2,907,200 kilograms in 2026, unchanged from 2021. Since 1993, exports have decreased by 3.9% annually. In 2021, Korea was 38th globally, with Romania overtaking it at 2,909,900 kilograms. The United States, Belgium, and France ranked 2nd, 3rd, and 4th respectively. Korean imports of herbicides are expected to rise 2.8% annually to 7,130,400 kilograms by 2026. This is a significant jump from the 5,952,100 kilograms recorded in 2021, when Korea was 60th globally. Portugal was ahead at 5,952,100 kilograms. Brazil, Nigeria, and the United States ranked 2nd, 3rd, and 4th respectively.
