Forecast: Herbicides Sales in Austria

The sales of herbicides in Austria saw fluctuating trends from 2013 to 2023, beginning at 1.23 thousand metric tons in 2013 and showing varied year-on-year changes. In 2023, the sales volume stood at 1.13 thousand metric tons. Over the years, there were notable dips, such as in 2019 (-9.88%) and continuous declines leading to 2023 with a -1.26% change. The five-year CAGR from 2018 to 2023 is observed at -2.48%, indicating a gradual reduction in sales volume.

Looking forward, the forecast from 2024 to 2028 shows a continuing downward trend, with an expected annual average decrease (CAGR) of -0.68% and a cumulative five-year growth rate falling by -3.33%.

Future trends to watch for:

  • Impact of environmental regulations on herbicide usage.
  • Shifts towards organic and non-chemical weed control methods.
  • Technological advancements in agricultural practices that might reduce reliance on chemical herbicides.

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