The sales of fungicides in Argentina, expressed in thousand metric tons, showed notable fluctuations over the past decade. In 2023, the volume stood at 21.56, representing a 5.8% year-on-year increase from 2022. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was 0.26%. The market experienced significant drops, particularly in 2014 and 2018, but generally demonstrated resilience with positive growth in 2023.
Future trends to watch for include:
- Projected steady growth with slight variations approximately around 21.92 thousand metric tons by 2028.
- An average annual growth rate close to 0.26% over the next five years, suggesting stabilization.
- External factors such as climate change, agricultural practices, and regulatory changes impacting fungicide demand.