In 2023, the import of fungicides to Chile stood at 8.4635 million kilograms. Moving into 2024, the import volume is forecasted to be 8.5877 million kilograms, reflecting a year-on-year increase of 1.47%. The projection from 2025 to 2028 continues this upward trajectory, with the import volumes forecasted to be 8.7163 million kilograms in 2025, 8.8423 million kilograms in 2026, 8.9658 million kilograms in 2027, and reaching 9.0869 million kilograms in 2028.
Variations in the last two years show a consistent growth pattern without significant dips or spikes, indicating a stable demand. The CAGR over the next 5 years stands at approximately 1.70%, suggesting a modest but steady increase in import volumes.
Future Trends to Watch For:
- Innovations in fungicide efficiency requiring lower volumes
- Regulatory changes impacting import tariffs and restrictions
- Emergence of new agricultural practices and pest-resistant crops
- Global trade dynamics and their effect on supply chain logistics
- Environmental concerns driving shifts towards organic alternatives
