Asia: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Asia

In 2021, after nine years of growth, there was significant decline in the Asian fungicide and bactericide market, when its value decreased by -11% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Fungicide And Bactericide Production in Asia

In value terms, fungicide and bactericide production dropped to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 18%. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Fungicide And Bactericide Exports

Exports in Asia

In 2021, overseas shipments of fungicides, bactericides and seed treatments increased by 16% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, fungicide and bactericide exports stood at $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India was the largest exporting country with an export of about X tons, which finished at 53% of total exports. China (X tons) took a 31% share (based on physical terms) of total exports, which put it in second place, followed by Israel (4.7%). Thailand (X tons), Japan (X tons) and Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide supplying countries in Asia were India ($X), China ($X) and Israel ($X), with a combined 82% share of total exports. Japan and Malaysia lagged somewhat behind, together accounting for a further 6.8%.

Malaysia, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, flattening at the previous year. Over the period under review, the export price saw a mild contraction. The growth pace was the most rapid in 2019 when the export price increased by 2.3%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.1%), while the other leaders experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports in Asia

Fungicide and bactericide imports soared to X tons in 2021, rising by 17% against the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, fungicide and bactericide imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), China (X tons), Bangladesh (X tons), Indonesia (X tons), Thailand (X tons), Turkey (X tons), the Philippines (X tons) and India (X tons) was the largest importer of fungicides, bactericides and seed treatments in Asia, generating 76% of total import. The following importers - Pakistan (X tons), Japan (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Kazakhstan (X tons) - together made up 13% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +40.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 47% of total imports. Turkey, Indonesia, Japan, Bangladesh, South Korea, the Philippines, Kazakhstan, Pakistan and the United Arab Emirates lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +32.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 2.6% against the previous year. Over the period under review, the import price, however, showed a slight decline. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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