The sold production of pesticides and other agrochemical products in Spain has shown fluctuating trends from 2013 to 2023. Notable increases occurred in 2015 (+7.26%), 2016 (+20.77%), and 2020 (+30.42%), indicating periods of substantial growth. Conversely, 2018 and 2021 experienced significant contractions of -9.66% and -46.75% respectively. By 2023, the value stood at 1094.8 million Euros, reflecting a minor year-on-year increase of 1.58% from 2022. Over the last five years, the compound annual growth rate (CAGR) was 1.03%.
Looking ahead to forecasted data through 2028, the production value is expected to grow at a CAGR of 1.16%, with an overall growth rate of 5.93%. Positive but moderate growth is anticipated, indicating a stable upward trend.
Future trends to watch for include innovations in eco-friendly pesticides, regulatory impacts on production, and shifts in agricultural practices driven by sustainability and climate change factors, which may influence demand and production volumes.
