The pesticides production value in Sweden has shown a fluctuating trend from 2013 to 2023, with a notable peak in 2017 followed by a decline in 2019. As of 2023, the production value stood at 10.1 million Euros. The average yearly variation (CAGR) over the last five years is minimal at 0.6%, indicating a relatively stable market with minor growth. Year-on-year variations indicate a volatile market with significant fluctuations such as the 28.57% increase in 2017 and the 19.39% decrease in 2019.
Looking ahead, the forecasted data from 2024 to 2028 suggests a period of stability with consistent production values around 10.2 million Euros. This stability indicates that the market might have reached a maturity phase with limited growth potential in the near future.
Future trends to watch for include potential impacts of environmental regulations, advancements in pesticide technology, and changes in agricultural practices. These factors could either challenge the stability or create opportunities for growth in the pesticides production value in Sweden.
- 2013: 14.44% YoY, 6.27% CAGR
- 2014: -6.8% YoY, 10.99% CAGR
- 2015: 2.08% YoY, 6.36% CAGR
- 2016: -7.14% YoY, 2.87% CAGR
- 2017: 28.57% YoY, 5.39% CAGR
- 2019: -19.39% YoY, -3.82% CAGR
- 2020: 24.05% YoY, 0% CAGR
- 2021: 2.04% YoY, 1.9% CAGR
- 2022: 1% YoY, -2.9% CAGR
- 2023: 0% YoY, 0.6% CAGR
- 2028: Forecast 0% 5-year CAGR, 0% 5-year growth rate
