In 2023, India's export of fungicides stood at 240.39 million kilograms. Forecasted data indicates a consistent increase in export volumes from 2024 to 2028, with values starting at 250.74 million kilograms in 2024 and reaching 290.83 million kilograms by 2028. Year-on-year variations demonstrate a growth trend of approximately 4.1% from 2024 to 2025, 3.9% from 2025 to 2026, 3.7% from 2026 to 2027, and 3.5% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is around 3.8%, signifying a stable upward trajectory.
Key future trends to watch for include the potential impact of regulatory changes, market expansion in new regions owing to increasing agricultural activities, and technological advancements in fungicide production. Additionally, shifts in global trade policies and climate change could also influence the export dynamics. Monitoring these factors will be crucial for forecasting future export volumes accurately.
