The insecticide sales in Argentina from 2013 to 2023 have experienced various fluctuations. In 2023, the sales stood at 14.81 thousand metric tons, showcasing a decline from the peak of 2021. The year-on-year variation indicates a decrease of 12.66% from 2022, while the compound annual growth rate (CAGR) over the past five years is 1.76%. Looking at the long-term trend, although there were notable increases in 2015, 2017, and 2021, there has been a general tendency for sales to decline.
Future trends to watch for:
- The forecasted decrease in sales is expected to continue, with a 5-year CAGR of -5.07% leading to a 22.9% reduction by 2028.
- Factors influencing future sales could include regulatory changes, advances in pest management technology, and shifts in agricultural practices.
