The economy in most Latin American countries recorded a very significant growth in the last decade. The difficulties that the continent faced in the 90's have been largely overcome.
Nowadays the agrochemical sector is facing a good moment, as we see international companies investing in new registrations and looking for alliances with strong local distribution companies every day.
There are many business opportunities and the ratio regulatory investment/potential market is, on a general basis, good enough for generic products.
The agriculture in Latin America represents approximately between 4% and 13% of the GDP in each respective country. In countries like Argentina, Guatemala and Bolivia agriculture represents over 10%.
In terms of agrochemical consumption, we have to consider different factors like arable surface, productivity and technology.
The biggest agrochemical market in Latin America, that in fact is the biggest market worldwide, is Brazil.
Apart from Brazil there are some other big markets like Argentina, Mexico, Paraguay, Colombia, Ecuador and Chile.
The agrochemical market value for these markets is between 300 million USD (Ecuador) and 2,500 million USD (Argentina).
There are some medium sized markets like Peru, Costa Rica, Guatemala and Bolivia which are in some cases growing faster than other mature markets.
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