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Latin America: mechanized irrigation systems market value 2019-2024

The market value of mechanized irrigation systems in Latin America is forecast to reach approximately 3.08 billion U.S. dollars by 2024, up from an estimated 1.82 billion dollars in 2019. A compound annual growth rate (CAGR) of 11.1 percent is expected for the period. In 2020, the market value of center pivot irrigation systems in Latin America was expected to reach approximately 210 million U.S. dollars.

Mechanized irrigation systems market value in Latin America from 2019 to 2024

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Sources

Release date

February 2020

Region

LAC

Survey time period

2019

Supplementary notes

*Forecast.
An exponential development of the values was assumed to estimate the annual values between 2019 and 2024, based on the CAGR provided by the source.

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