The agricultural pesticides sales in China have been gradually declining since 2013, with actual values decreasing from 350.93 thousand metric tons in 2013 to 242.42 thousand metric tons in 2023. The year-on-year for 2023 shows a -4.03% drop, and the CAGR indicates an average annual decrease of -3.82% over the past five years. Forecasts for 2024 to 2028 suggest continued declines with a forecast 5-year CAGR of -3.64%, resulting in an estimated 193.0 thousand metric tons by 2028, indicating a forecast 5-year growth rate of -16.93%.
Future trends to watch for include the potential impact of increased regulation on pesticide use, technological advancements in precision agriculture possibly reducing dependence on chemical pesticides, and shifts towards more sustainable and organic farming practices influencing pesticide market dynamics.
