The export of insecticides from Indonesia exhibited significant fluctuations over the past years. In 2013, the volume stood at 54.399 million kilograms and soared to 111.57 million kilograms in 2014, marking a substantial increase. However, subsequent years showed mixed trends with notable declines and moderate recoveries, peaking in 2014 and hitting low points in 2018. The most recent actual data for 2023 indicates a volume of 52.15 million kilograms, signifying a slight increase from the previous year. Over the last ten years, the compound annual growth rate (CAGR) suggests a transitional shift towards stabilization despite earlier volatility.
Over the last two years, there was a modest increase from 2022 to 2023, with a year-on-year growth of approximately 0.37%. The forecast data from 2024 reflects a gradual and steady growth trend, with a forecasted CAGR of 0.3% up to 2028.
Future trends to watch for include the impact of global agricultural practices on demand for insecticides, potential regulatory changes affecting production and export, and innovations in pest control technology that may alter market dynamics.
