Key Market Indicators
Consumption of herbicides in Bulgaria is expected to reach 5,650 metric tons by 2026, rising from 4,340 metric tons in 2021 at an average annual rate of 4.4%. Since 2017, Bulgarian demand has increased by 16.7% year-on-year. In 2021, Bulgaria ranked 14th in the world, while Romania was ahead with 4,340 metric tons. Argentina, Australia and Canada respectively occupied the second, third and fourth places in the ranking. Bulgarian exports of herbicides are projected to reach 7.3 million kilograms by 2026, up from 5.6 million kilograms in 2021, growing at an average annual rate of 4.1%. Since 2001, supply from Bulgaria has increased 7.4% year-on-year. In 2021, Bulgaria ranked 31st in the world, with Singapore coming in first with 5.6 million kilograms. The United States, Belgium and France held the second, third and fourth places in the ranking. Finally, imports of herbicides in Bulgaria are expected to reach 14 million kilograms by 2026, up from 12.2 million kilograms in 2021, at an average annual rate of 2.2%. Since 2001, Bulgarian demand has risen 7.4% year-on-year. In 2021, Bulgaria was 45th in the world, with Honduras coming in first with 12.2 million kilograms. Brazil, Nigeria and the United States respectively held the second, third and fourth places in the ranking.
