The export of insecticides from China has shown a consistent upward trend over the years, growing from 224.65 million kilograms in 2013 to 372.85 million kilograms in 2023. The year-on-year variations reflect periods of both growth and stagnation. Notably, the exports experienced a robust growth phase between 2016 and 2021, with annual growth rates reaching a peak of over 21% in 2016. The CAGR for the last five years stood at 3.81% as of 2023.
Looking forward, the forecasted data from 2024 to 2028 suggests a moderate growth rate, with a 5-year CAGR of 2.4% and a forecasted overall growth rate of 12.6% over this period.
Future trends to watch for:
- Innovations in insecticide formulations, which could impact both production and export volumes.
- Changes in global agricultural practices and pest management regulations.
- Geopolitical and trade policy shifts that may affect market access and competitiveness.