The fungicides market in Denmark exhibited fluctuating trends between 2012 and 2022, with values peaking in 2014 at 84.303 million Euros and experiencing a consistent decline from 2019. The market saw a negative year-on-year variation in many of the last five years, culminating in a -1.14% change from 2021 to 2022. This resulted in a compounded annual growth rate (CAGR) of -1.66% over the last five years. This suggests a general downtrend, with periodic increases unable to sustain long-term growth. As of 2023, the market value stands at a slightly downward trend compared to the previous years.
Future trends to watch for include the impact of evolving agricultural practices, potential regulatory changes affecting chemical usage, and the advancement in eco-friendly and sustainable fungicide options, which could lead to market recovery or further decline depending on their adoption rates.
How does Denmark rank in Fungicides Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 598,190,000 | 2023 | -1.29% | -0.48% | View data |
| 2 | 2 Poland | 300,370,000 | 2023 | +3.56% | +1.1% | View data |
| 3 | 3 Italy | 272,040,000 | 2023 | +3.85% | +3.92% | View data |
| 4 | 4 Romania | 161,050,000 | 2023 | +5.04% | +5.36% | View data |
| 5 | 5 Czech Republic | 92,645,000 | 2023 | +1.6% | +1.77% | View data |
| 6 | 6 Greece | 75,988,000 | 2023 | +1.79% | +1.17% | View data |
| 7 | 7 Denmark | 66,713,000 | 2023 | +1.62% | -2.25% | |
| 8 | 8 Portugal | 65,160,000 | 2023 | +0.15% | +0.94% | View data |
| 9 | 9 Sweden | 38,686,000 | 2023 | -1.82% | -0.12% | View data |
