The import of insecticides to South Korea has shown steady growth based on the forecasted data. The value stood at 96.901 million USD in 2024, marking a consistent upward trend through to 2028 where it is expected to reach 104.57 million USD. In 2023, the import value was 95 million USD. Analyzing the year-on-year variations, the values show an increase of approximately 2.04% from 2024 to 2025, 1.96% from 2025 to 2026, 1.89% from 2026 to 2027, and 1.81% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages at 1.92%.
Future trends to watch for include potential increases in demand driven by agricultural developments and regulatory changes affecting insecticide usage. Additionally, fluctuations in global supply chains and environmental policies may impact the import volumes and values. Monitoring these trends will be crucial for stakeholders in the agricultural and chemical sectors.
