The exports of Herbicides, Anti-Sprouting Products, and Plant-Growth Regulators from Vietnam have shown significant growth from 2013 to 2023, with the volume standing at 6.5556 million kilograms in 2023. The early years saw robust growth with year-on-year variations as high as 51.7% in 2016, moderating to a steady increase of around 4.26% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years has stabilized around 4.91%, indicating a mature and consistent growth pattern.
Over the next five years, the forecasted CAGR is 2.77%, suggesting a potential slowdown in growth rate. Key trends to watch for include technological advancements in agriculture, changes in international trade policies, and emerging markets that could alter the demand dynamics.
