Key Market Indicators
Consumption of herbicides in Denmark is forecast to drop to 1.4 million metric tonnes by 2026 from 1.8 million in 2021, a decrease of 4.5% per year on average. Since 2016, the Danish market has declined by 1.3% per year. In 2021, Denmark was ranked 22nd, with Portugal overtaking at 1.8 million metric tonnes. Argentina, Australia and Canada were ranked 2nd, 3rd and 4th respectively. Imports of herbicides in Denmark are set to rise to 12 million kilograms by 2026 from 11.1 million in 2021, representing a 0.8% CAGR year-on-year. Since 1994, demand in Denmark has grown by 4.3% annually. In 2021, Denmark was ranked 48th, with Austria ahead at 11.1 million kilograms. Brazil, Nigeria and the United States were ranked 2nd, 3rd and 4th respectively. Exports of herbicides from Denmark are forecast to decrease to 8.4 million kilograms by 2026 from 9 million in 2021, a drop of 1.1% per year on average. Since 1994, supply in Denmark has decreased by 9.2% per year. In 2021, Denmark was 23rd, with Belarus ahead at 9 million kilograms. The United States, Belgium and France were ranked 2nd, 3rd and 4th respectively.
