2014-02-03 10:03:01 - Pesticides and Other Agro-chemical Products in Indonesia: ISIC 2421 - a new market research report on companiesandmarkets.com
Market for pesticides and other agro-chemical products grows at a CAGR of 16% over 2007-2012 review period. In terms of spending per unit of arable land, Indonesia trails significantly behind some major global economies.
Imported products gain recognition and serve a third of local market in 2012. Local manufacturers see revenue grow slightly slower than the market, with growth rate of 14%. Exports to China, Thailand and the Philippines grow strongly, and in 2012 these three countries account for 64% of overall foreign demand.
Industry players able to increase profit margin from 24% in 2007 to 30% in 2012. Driven by demand from local farmers, industry projected to grow 9% per annum over forecast period.
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