Key Market Indicators
Armenia's herbicide import is set to reach nearly 600,000 kilograms by 2026, growing at a 3.5% year-on-year compound annual growth rate (CAGR). Since 2002, Armenian demand has increased by 11.9% annually. In 2021, Armenia was ranked 108th in the world, with Macedonia leading with 483,340 kilograms. Brazil, Nigeria, and the United States were ranked 2nd, 3rd, and 4th respectively. In 2019, Armenia's herbicide export rocketed to 19,680 kilograms, a staggering 2,710% jump from the 700 kilograms in 2018. Armenia was ranked 85th in 2019, with Zambia slightly ahead with 19,680 kilograms. The United States, Belgium, and France were ranked 2nd, 3rd, and 4th respectively.
