In Belgium, Tetronic acid insecticides sales witnessed fluctuations from 2013 to 2023, peaking in 2015 at 910 kilograms and hitting a low of 487 kilograms in 2019. The year-on-year variations reveal significant spikes and drops, notably in 2014 (43.74%) and 2018 (-36.19%). However, a notable stabilization is observed from 2020 onwards, with marginal annual declines. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.8%, indicating steady performance in the recent term. In 2023, the sales stood at 589 kilograms.
Future trends to monitor include:
- Technological advancements in insecticide formulations improving efficacy.
- Regulatory changes affecting chemical usage.
- Shifts in agricultural practices could influence demand.
