The forecast for the export of insecticides from the US indicates a decreasing trend from 2024 to 2028. In 2023, the export volume stood at 50.6 million kilograms. In 2024, it is projected to drop to 49.94 million kilograms and continue declining annually to 47.474 million kilograms by 2028. The year-on-year variation in the forecast period shows:
• 2024: -1.30% compared to 2023• 2025: -1.27%• 2026: -1.26%• 2027: -1.25%• 2028: -1.24%
This results in a compound annual growth rate (CAGR) of -1.26% over the 5-year period.
Looking forward, key trends to watch include increased regulatory scrutiny on chemical pesticides, the rise of biopesticides, and evolving agricultural practices in response to climate change. Additionally, trade policies and international market demand will be critical factors influencing future export volumes. Monitoring these trends will provide insights for strategic planning in the industry.
