The export of fungicides from Chile has shown a general upward trend over the past decade, with 2023 exports standing at 16.801 million kilograms. Year-on-year variations from 2022 to 2023 indicate a 3.01% increase. The last five years have seen an average annual growth (CAGR) of 3.77%. Notable fluctuations include a significant rise in 2016 by 14.74% and a drop in 2018 by 7.77%. Forecasts predict steady growth, with a 5-year CAGR of 2.23% from 2024 to 2028, reaching 19.365 million kilograms by 2028.
Future trends to watch for include:
- Impacts of climate change on agricultural production and demand for fungicides.
- Technological advancements in fungicide formulations that could alter trade dynamics.
- Geopolitical factors influencing trade agreements and market access.
- Emerging competitive pressures from other fungicide-exporting countries.
