The export of insecticides from Italy demonstrated a fluctuating trend from 2013 to 2023, with a notable peak in 2016 at 27.78 million kilograms. After a significant dip in 2018, the volumes gradually stabilized, reaching 23.91 million kilograms in 2023. The year-on-year variations have mostly stayed below 1% in the past three years, indicating a stabilization in the market. The Compound Annual Growth Rate (CAGR) over the last five years has been approximately 2.6%.
Forecasts from 2024 to 2028 suggest a steady but slow growth with a forecasted 5-year CAGR of 0.67%, expecting the export volumes to reach 24.942 million kilograms by 2028. The growth rate over this forecast period is 3.38%, suggesting minimal but consistent improvements in export volumes.
Future trends to watch for include potential disruptions due to regulatory changes in the European Union, technological advancements in pest control, and shifts in global agricultural practices. Monitoring these factors will be crucial for accurate long-term forecasting and strategic planning.
