Key Market Indicators
Consumption of herbicides in Hungary is set to reach almost 4,000 metric tons by 2026, a slight increase from the 3,940 metric tons in 2021. Since 2016, the Hungarian market has declined by 3% year-on-year. In 2021, the country ranked 16th, with Bulgaria at number one with 3,940 metric tons. Argentina, Australia and Canada followed, with the next three highest levels of consumption. Exports of herbicides from Hungary are expected to reach around 42 million kilograms by 2026, an increase of 3.2% year-on-year on average. Since 1997, Hungarian supply has grown 9.7% year-on-year. In 2021, Hungary ranked 12th, with Austria at number one with 34.6 million kilograms. The United States, Belgium, and France followed, with the next three highest levels of exports. Imports of herbicides to Hungary is projected to reach around 20.5 million kilograms by 2026, a 1.8% year-on-year increase on average. Since 1997, Hungarian demand has increased 4.6% year-on-year. In 2021, the country was 33rd, with Chile in the lead at 18.3 million kilograms. Brazil, Nigeria, and the United States followed as the next three largest importers.
