Forecast: Fungicides Sales in Mexico

Fungicides sales in Mexico saw fluctuations from 2013 to 2023. In 2023, the volume stood at 39.73 thousand metric tons. The highest year-on-year variation was observed in 2014 with an 18.6% increase. Recent years have shown minimal changes with a 0.54% increase in 2023. Over the past five years, the compound annual growth rate (CAGR) of -1.94% indicates a slight decline.

Future trends to watch for in fungicide sales include:

  • Anticipated slow but steady growth, with a forecasted 5-year CAGR of 0.41% and a cumulative growth of 2.04% by 2028.
  • Potential impact of climate change on agricultural practices and pest management.
  • Innovation in fungicide formulations and eco-friendly alternatives.

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