The export of fungicides from China has shown fluctuating trends from 2013 to 2023. The initial years experienced robust growth, particularly in 2016 with a significant increase of 28.97%, followed by consistent, albeit slower, growth. Notably, 2018 saw a major decline of 18.16%, affecting the overall upward trend. However, subsequent years saw recovery with moderate increases, reaching 116.4 million kilograms in 2023. The year-on-year variations for the latest two years stand at 2.82% in 2022 and 2.69% in 2023. The compound annual growth rate (CAGR) over the last five years is 4.44%.
Looking ahead to forecasted data from 2024 to 2028, the export volume is projected to continue its growth trajectory, albeit at a slower pace, with a forecasted CAGR of 2.02%. This results in an anticipated total growth of approximately 10.5% over this period, reaching a volume of 132.31 million kilograms by 2028.
Future trends to watch for include:
• Potential volatility in global supply and demand for agricultural chemicals.
• The impact of environmental regulations and sustainable farming practices.
• Technological advancements in fungicide formulation and application.
• Trade policies and international relations impacting exports.
