The data reveals a decline in agricultural pesticide sales in Brazil from 2013 through 2023. In 2023, sales stood at 373.6 thousand metric tons. Over the most recent two years, the year-on-year variation decreased by approximately 0.31% annually. Between 2018 and 2023, the Compound Annual Growth Rate (CAGR) averaged a negative 0.19%, indicating a slight contraction in sales volume.
The forecast from 2024 to 2028 predicts continued decline, with an expected CAGR of -0.24% and an overall reduction of 1.21% by the end of 2028. This indicates a persistent downward trend in the market.
Future trends to watch for include:
- Regulatory changes impacting pesticide usage and sales.
- Advancements in alternative pest control technologies.
- Shifts in agricultural practices focusing on sustainability.
