Insecticide sales in Sweden saw significant fluctuations from 2013 to 2023, with volumes peaking at 93.8 metric tons in 2018, followed by a sharp decline in subsequent years. The data for 2023 shows sales standing at 64.38 metric tons, recording a year-on-year increase of 13.61% from 2022, indicative of a market recovery. Historically, the compound annual growth rate (CAGR) over the last five years has been -7.25%, highlighting market volatility.
- From 2013 to 2017, the market experienced moderate changes, with an average variation per year (CAGR) ranging between -0.68% and 27.75%.
- 2018 marked an exceptional spike in sales (198.54% year-on-year), followed by a substantial drop in 2019 (-51.79%).
- The market showed signs of stabilization from 2020, with a gradual recovery, leading to the 2023 increase.
Future trends to watch for include steady growth driven by increasing pest control needs and potential regulatory changes affecting product use. The forecasted CAGR for the next five years is 4.43%, indicating a positive market outlook.
