The pyrethroids insecticides market in Turkey exhibited significant fluctuations in the past, with peak sales in 2018 at 4.1628 million kilograms, followed by a sharp decline in 2019. Thereafter, a recovery phase began, evidenced by a 16.03% year-on-year increase in 2020, and continued moderate growth up to 2023. As of 2023, sales stood at 3.7375 million kilograms.
Over the last two years, the market showed mixed trends: a 3.57% decline in 2022 followed by a slight recovery of 1.56% in 2023. The compounded annual growth rate (CAGR) over the past five years reflected an average yearly fluctuation of 1.15%.
Future trends indicate steady but modest growth, with sales forecasted to reach 4.0169 million kilograms by 2028, representing a total increase of 5.86% from 2023.
Future trends to watch for:
- Technological advancements in pest control solutions.
- Regulatory changes affecting pesticide usage and environmental standards.
- Market demand influenced by agricultural production and crop yield developments.
