The pyrethroids insecticides market in Spain has experienced significant volatility over the past years. Sales volumes in thousand kilograms decreased drastically from 2016 to 2018, followed by a recovery phase from 2019 onwards. Notably, the market peaked at 188.0 thousand kilograms in 2016 but fell to 106.56 thousand kilograms by 2018. A rebound began in 2019, with volumes increasing steadily year on year from 166.83 thousand kilograms in 2020 to 187.61 thousand kilograms by 2023. This represents a 3.88% increase in 2023 but a more modest CAGR of 3.99% over the last five years.
Forecast data suggests a continued upward trend, with expected volumes reaching 221.6 thousand kilograms by 2028. The forecasted CAGR over the next five years stands at 2.64%, translating into a cumulative growth of approximately 13.9% from 2024 to 2028.
Future trends to watch for:
- Implementation of stricter environmental regulations that could affect the adoption and usage rates of pyrethroids insecticides.
- Development of new, more eco-friendly insecticide alternatives that could shift market dynamics.
- Impact of agricultural production trends and pest outbreak incidences on the demand for insecticides.
