In the German insecticide market, the production value has experienced significant fluctuations, starting from a high value in 2013, followed by a sharp decline in 2014, and then substantial recovery until 2017. The trend from 2017 onwards has shown a general declining trajectory, with minor recovery observed in 2022. As of 2023, the production value stood at 207.39 million Euros, which represents a negligible year-on-year variation of -0.47%. Over the last two years, the year-on-year variations have been mixed, showing a decline in 2021, an increase in 2022, and a minimal decrease in 2023. The 5-year CAGR from 2018 to 2023 recorded a -6.15% decline.
For the forecast period of 2024 to 2028, the production value is expected to show a marginal decline with forecasted 5-year CAGR at -0.37%. This indicates relatively stable yet gradually decreasing production values.
Future trends to watch for include potential market shifts influenced by environmental regulations, technological advancements in pest control, and changes in agricultural practices that could affect the demand and production of insecticides in Germany.
