The sales of carbamate insecticides in Turkey saw significant fluctuations from 2017 to 2023. In 2017, the volume stood at 50.84 thousand kilograms and dropped by 27.29% in 2018. The trend continued with an 18.27% increase in 2019 and a sharp 70.33% decrease in 2020. The market recovered with a 64.63% increase in 2021 and continued to grow by another 52.18% in 2022, reaching 36.37 thousand kilograms in 2023, an 11.89% rise compared to the previous year.
Looking ahead to 2028, the forecast suggests a gradual decline, with a Compound Annual Growth Rate (CAGR) of -3.45%, resulting in a reduction in sales by 16.09% over five years. Sales are expected to decrease from 34.92 thousand kilograms in 2024 to 29.3 thousand kilograms by 2028.
- Variations 2023: Year-on-year variation was 11.89%.
- Trends over last five years: The CAGR from 2023 to 2028 is expected to be -3.45%.
Future trends to watch for include potential regulatory changes, shifts in agricultural practices, the emergence of alternative pest control methods, and macroeconomic factors that could further influence the demand for carbamate insecticides in Turkey.
