In 2023, Poland led the European sold production of herbicides based on phenoxy-phytohormone products, valued at 45.589 million euros, followed by Denmark at 18.463 million euros. France, Spain, and Portugal trailed with respective values of 3.9183, 1.2637, and 0.15637 million euros. Year-on-year growth showed Poland and Denmark experiencing increases of 0.71% and 9.43% respectively, whereas France, Spain, and Portugal saw declines of 11.3%, 0.081%, and 2.55% respectively. Over the past five years, the compounded annual growth rate (CAGR) in this sector presents a mixed performance across different countries.
Future trends to watch for include:
- Potential impact of environmental regulations on herbicide production.
- Technological advancements and innovations in sustainable agriculture practices.
- Shifts in market demand influenced by changes in agricultural activity or climate conditions.
- Economic and political factors affecting international trade within Europe and with other regions.
Top countries in Sold Production of Herbicides Based on Phenoxy-Phytohormone Products by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 45,589,000 | 2023 | +0.82% | +0.71% | View data |
| 2 | 2 Denmark | 18,463,000 | 2023 | +14.59% | +9.43% | View data |
| 3 | 3 France | 3,918,300 | 2023 | -17.6% | -11.3% | View data |
| 4 | 4 Spain | 1,263,700 | 2023 | -18.94% | -0.081% | View data |
| 5 | 5 Portugal | 156,370 | 2023 | +19.16% | -2.55% | View data |
