The sold production of insecticides based on pyrethroids in Spain has shown a consistent upward trend from 2013 to 2023. In 2023, the value of production stood at 165.81 million euros. Over the last two years, the year-on-year variations were 2.88% in 2022 and 2.74% in 2023. The compound annual growth rate (CAGR) over the 5-year period leading up to 2023 was about 3.04%, suggesting moderate but steady growth.
For future trends, the forecast from 2024 indicates a continued albeit slower increase in production. The projected 5-year CAGR is 1.87%, resulting in a total growth rate of 9.69% by 2028. Factors to watch include market demand fluctuations, regulatory changes, and advancements in alternative pest control technologies.
