In 2023, the actual export volume of insecticides from Saudi Arabia stood at approximately 2.982 million kilograms. Based on the forecasted data, export volumes are expected to grow year-on-year from 2024 to 2028 with values increasing from 3.04 million kilograms in 2024 to approximately 3.267 million kilograms in 2028. The year-on-year percentage variations for each year are as follows:
• 2024: 1.94%
• 2025: 1.92%
• 2026: 1.84%
• 2027: 1.78%
• 2028: 1.71%
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 stands at around 1.84%, indicating a consistent, though moderate, growth trajectory.
Future trends to watch for include potential shifts in regional agricultural practices and demands, regulatory changes affecting chemical exports, and advances in insecticide technology which could affect production and export volumes. Monitoring these trends will be crucial for a detailed understanding of the market dynamics.
