The import of herbicides, anti-sprouting products, and plant-growth regulators to Malaysia reached 14.745 million kilograms in 2023, showing a consistent upward trend from 2016 onwards. Between 2022 and 2023, the year-on-year variation was 3.32%, with the last five years (2019-2023) showing a CAGR of 4.2%. This data illustrates a steady increase, differing from the volatile variations seen in earlier years.
Future forecasts indicate continued growth, with the quantity projected to reach 16.973 million kilograms by 2028, representing an 11.6% growth rate over five years and a forecasted CAGR of 2.22%.
Trends to watch for:
- Impact of regulatory changes on import volumes.
- Adoption of sustainable agricultural practices and organic farming.
- Technological advancements in agrochemical formulations.
- Market responses to global supply chain disruptions.
