Key Market Indicators
Sales of Portuguese fungicides are expected to decline by nearly 5% between 2021 and 2026, from 4,710 metric tons to 3,540 metric tons. Since 2016, the market has decreased by 3% every year. In 2021, Portugal ranked 14th in this segment, with South Korea in the lead at 4,710 metric tons. Mexico, Spain, and France took the second, third and fourth positions, respectively, in this ranking. Exports of Portuguese fungicides are projected to reach 6.9 million kilograms by 2026, up from 6.1 million kilograms in 2021, growing at an annual rate of almost 2%. Since 1993, Portuguese exports have increased slightly by 0.2% each year. In 2021, Japan topped the ranking with 6.1 million kilograms, while Portugal ranked 22nd. France, Germany, and China came in second, third, and fourth, respectively. Finally, imports of Portuguese fungicides are estimated to reach 15.7 million kilograms by 2026, up from 13.8 million kilograms in 2021, increasing at a CAGR of 2.1%. Since 1993, Portuguese imports have grown 5.4% annually. In 2021, Romania led the ranking with 13.8 million kilograms, and Portugal was 20th. France, Tanzania, and Germany took the second, third, and fourth spots in this ranking.
