The import of fungicides to Chile has shown significant fluctuations over the past decade. From 2013 to 2017, there was a noticeable upward trend, culminating at a peak in 2017 with a value of 98.823 million USD. However, 2018 saw a sharp decline of over 21%, dropping to 77.996 million USD. Since this dip, the import values have gradually recovered, with minor fluctuations, reaching 95.743 million USD in 2023.
Year-on-year variations over the last two years indicate moderate growth, with a 2.13% increase in 2022 and a 2.04% increase in 2023. The last five years show an average annual growth rate (CAGR) of 4.19%, reflecting a relatively stable recovery phase post-2018. Forecasted data from 2024 to 2028 suggest a continuing gradual increase, with an average CAGR of 1.57% and an overall growth rate of 8.08% by 2028.
Future Trends to Watch For:
- Impact of global supply chain challenges on import volumes and costs.
- Shifts in agricultural practices influencing demand for fungicides.
- Regulatory changes impacting import policies and product approvals.
- Technological advancements in fungicide alternatives and their influence on market demand.
