Agricultural pesticides sales in Sweden experienced fluctuations from 2013 to 2023. Sales peaked in 2014 with a year-on-year increase of 14.49%, and hit a low in 2023 with a value of 1.78 thousand metric tons, a -2.84% drop from the previous year. The highest decline was in 2016 with a -15.75% variation. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was -0.94%, indicating an overall slight decline.
Forecasts from 2024 to 2028 predict a consistent decline in sales, with an expected CAGR of -2.44%. By 2028, sales are projected to decrease further to 1.53 thousand metric tons, marking an 11.61% reduction over the five years.
Future trends to watch for:
- Environmental regulations tightening and their impact on pesticide use.
- Advancements in biopesticides and alternative pest management techniques.
- Shifts in agricultural practices and consumer preferences toward organic products.
- Economic factors influencing farmers' ability to invest in pesticides.
