The import of insecticides to Indonesia has shown varied trends over the past decade. In 2023, the imports stood at a value of 215.04 Million US Dollars. The year-on-year growth rate from 2022 to 2023 was 3.75%. Analyzing the last five years, the Compound Annual Growth Rate (CAGR) averaged at 4.39%.
From 2024 onwards, the forecasted data indicates a continuous growth with a projected CAGR of 2.72% over the next five years. By 2028, the value of insecticide imports is expected to rise to 255.7 Million US Dollars, marking a forecasted 5-year growth rate of 14.36%.
Future Trends to Watch:
- Regulatory changes in agricultural chemicals usage.
- Technological advancements in pest control methods.
- Fluctuations in global trade policies and supply chain dynamics.
- Environmental sustainability initiatives affecting pesticide use.
