In examining the historical data on Malaysia's export of fungicides, we observe growth from 2013 to 2016, succeeded by a significant drop in 2017. From 2018 onwards, there's been a steady, albeit moderate, recovery with minimal year-on-year increases until 2023, where the value stood at 4.7343 million kilograms. The average annual growth rate (CAGR) over the last 5 years (2019-2023) was 4.42%.
Slight increases are noted in the forecast for 2024 through to 2028, with the average growth rate expected to be 1.14% per year.
Future trends to watch for include:
- Potential recovery factors influencing fungicide export volume.
- Market demand dynamics in importing countries.
- Technological advancements and efficiencies in fungicide production.
- Regulatory changes in global agricultural practices.
