For 2024, the forecast for Brazil’s import of insecticides is 126.4 million kilograms. This volume is expected to gradually increase, reaching 140.72 million kilograms by 2028. The year-on-year growth rates reflect a consistent increase, with each subsequent year showing a positive growth trajectory. The compounded annual growth rate (CAGR) over these five years indicates a steady, moderate upward trend. As of 2023, the actual import volume was slightly lower than the forecast for 2024, depicting a continuous upward momentum.
Future trends to watch for include:
- Potential changes in agricultural practices that may either increase or decrease the dependency on insecticides.
- Regulatory changes impacting import and usage of insecticides.
- The development of alternative pest management techniques that could affect imports.
- Fluctuations in the global market that might influence cost and availability.