The export volume of herbicides, anti-sprouting products, and plant-growth regulators from Chile has shown significant fluctuations over the years. The peak volume was in 2013 at 1.7009 Million Kilograms. A downward trend followed until it reached 1.1058 Million Kilograms in 2019. Post-2019, the volume displayed a modest recovery with an increase to 1.2486 Million Kilograms by 2023.
The year-on-year variation saw a significant decline of 17.35% in 2014, rebounded slightly in 2015 with a 9.92% rise, and then had another period of negative growth until 2017 with a harsh drop of 16.96%. Starting from 2018, there were minor fluctuations with a slight recovery in recent years, showing a growth of 2.19% in 2022 and 2.1% in 2023.
The Compound Annual Growth Rate (CAGR) over different years reveals an initial decline of 44.93% in 2013-2014 to gradual improvement. Notably, over the last five years till 2023, the CAGR averaged 1.55%. The following five years forecast an average growth rate of 1.49% CAGR leading to a projected rise of 7.67% in total by 2028.
Future trends to watch for include the impact of global agricultural practices, regulatory changes, and technological advancements in plant growth products. A close eye on international trade policies and climatic conditions will also be essential for predicting further shifts in the export volumes of these products from Chile.
