Export of insecticides from Chile has shown a consistent decline since 2013 when it stood at 1.2011 million kilograms. By 2023, the value had decreased to 0.45216 million kilograms. The year-on-year variation highlights a generally negative trend, with significant drops in certain years, especially 2014 and 2015. Recent years, specifically 2022 and 2023, continued to follow this downward trend with slight decreases of 2.24% and 2.25%, respectively. The compound annual growth rate (CAGR) over the last five years averaged a negative 2.76%, indicating a clear contraction in export volumes.
Looking ahead, forecasts through 2028 suggest further declines, with the five-year forecast CAGR at -2.03%, translating to an overall predicted decrease of 9.74% by that year. This reinforces the trend of diminishing export volumes seen over the last decade.
Future trends to watch for:
- Changes in global demand for insecticides due to shifts in agricultural practices and pest management strategies.
- Potential regulatory changes influencing the production and export of chemical pesticides.
- Advances in alternative pest control technologies that could impact traditional insecticide markets.
- Economic factors affecting Chile’s export capabilities, including currency fluctuations and trade agreements.
