The sales of fungicides and bactericides in Spain have shown a fluctuating trend from 2013 to 2023, ending in 2023 at 40.86 million kilograms. Despite some declines in specific years, overall sales have been relatively stable with a slight upward trajectory. Significant year-on-year changes included a 20.9% increase in 2013, an 18.48% increase in 2014, and a noticeable drop of 10.49% in 2019. More recently, the CAGR over the last five years (2019-2023) was 1.43%, indicating moderate growth.
Key recent trends included:
- 2019: -10.49% YoY decrease
- 2020: 11.28% YoY increase
- 2021: 9.6% YoY increase
- 2022: -3.46% YoY decrease
- 2023: 1.85% YoY increase
Looking forward, the forecasted data suggest steady growth in sales, increasing to 44.467 million kilograms by 2028. The forecasted CAGR for 2024-2028 is 1.34%, indicating a stable but slow growth rate overall.
Future trends to watch for include advancements in agricultural technology and bio-based alternatives, regulatory changes impacting the use of chemical bactericides and fungicides, and shifts in crop patterns due to climate change, which may significantly influence the demand and sales volume in this sector.
