The insecticide sales in Australia have seen a varied trend from 2013 to 2023. In 2013, sales stood at 10.11 thousand metric tons, increasing notably in 2014 and 2016, but subsequently experienced significant declines in the years 2017 and 2018. From 2020 to 2023, the sales showed a slight reduction annually, culminating in 7.91 thousand metric tons in 2023.
- The year-on-year variation for 2022 to 2023 was -1.74%. The 5-year CAGR from 2019 to 2023 stands at -1.72%.
The forecasted data from 2024 to 2028 indicates a continuing downward trend, with a forecasted 5-year CAGR of -1.38% and an overall expected reduction in sales by 6.73%.
Future trends to watch for include the impact of environmental regulations, shifts in agricultural practices, and the introduction of alternative pest control methods which could further influence the demand and usage of insecticides in Australia.
