Key Market Indicators
Nicaraguan herbicide exports are expected to reach around 211,000 kilograms by 2026, a 2.2% increase year on year on average. Since 1998, exports have grown 18.7% annually. Nicaragua ranked 67th in 2021, behind Switzerland with 184,000 kilograms. The US, Belgium, and France placed second, third and fourth, respectively. Nicaraguan herbicide imports are forecast to reach around 15.2 million kilograms by 2026, a 2.2% CAGR year on year. Since 1998, imports have grown 1.1% annually. Nicaragua ranked 42nd in 2021, behind Tanzania with 13.2 million kilograms. Brazil, Nigeria, and the US were the second, third and fourth-largest importers, respectively.
