The import of insecticides to Chile has shown a general upward trend from 2013 to 2023, with a few fluctuations. The value stood at 9.5956 million kilograms in 2023, marking a year-on-year increase of 1.89%. After a significant increase of 17.42% in 2016, the import values fluctuated, with notable declines in 2017 and 2020. The compound annual growth rate (CAGR) for 2018-2023 is 2.61%, indicating moderate growth.
Looking ahead, the forecast data projects a steady growth with the import value expected to reach 10.528 million kilograms by 2028, reflecting an annual average growth rate (CAGR) of 1.46% and a total increase of 7.52% over the next five years.
Future trends to watch for:
- Potential impacts of climate change on agricultural demand for insecticides.
- Evolving regulations and restrictions on certain chemical compounds.
- Increased adoption of organic and alternative pest control solutions.
- Global supply chain shifts affecting availability and pricing.
