Key Market Indicators
Sales of Spanish fungicides are projected to reach 36,360 metric tons by 2026, a 0.3% annual increase. This follows a downward trend of 1.7% year-on-year since 2016. In 2021, Mexico took the lead in sales with 35,750 metric tons, followed by Spain (3rd) and France (4th). Meanwhile, Spanish fungicide imports are expected to reach 33,986,000 kilograms by 2026, a 1.1% year-on-year average. Since 1994, demand has decreased by 1.6% annually. The United States led the pack in 2021 with 31,779,000 kilograms, followed by France (2nd), Tanzania (3rd) and Germany (4th). Exports of Spanish fungicides are projected to reach 80,259,000 kilograms by 2026, a 1.7% compound annual growth rate. This follows a 3% year-on-year increase since 1994. In 2021, China was the leader in exports with 72,012,000 kilograms, followed by France (2nd), Germany (3rd) and China (4th).
