Asia-Pacific: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Asia-Pacific

The Asia-Pacific fungicide and bactericide market contracted to $X in 2021, falling by -3.7% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.2% against 2012 indices. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Fungicide And Bactericide Production in Asia-Pacific

In value terms, fungicide and bactericide production fell slightly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.3% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Fungicide And Bactericide Exports

Exports in Asia-Pacific

In 2021, the amount of fungicides, bactericides and seed treatments exported in Asia-Pacific surged to X tons, jumping by 17% compared with the year before. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 20%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, fungicide and bactericide exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.4% 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 +123.6% against 2012 indices. The growth pace was the most rapid in 2013 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

India represented the main exporting country with an export of about X tons, which resulted at 55% of total exports. It was distantly followed by China (X tons), comprising a 32% share of total exports. Thailand (X tons), Japan (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide supplying countries in Asia-Pacific were India ($X), China ($X) and Japan ($X), together comprising 86% of total exports. These countries were followed by Malaysia, which accounted for a further 1.7%.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 3.3% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 mixed trends in the export price figures.

Fungicide And Bactericide Imports

Imports in Asia-Pacific

In 2021, approx. X tons of fungicides, bactericides and seed treatments were imported in Asia-Pacific; surging by 19% on 2020. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.8% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 21%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, fungicide and bactericide imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of fungicide and bactericide imports in 2021 were Vietnam (X tons), China (X tons), Bangladesh (X tons), Indonesia (X tons), Thailand (X tons), the Philippines (X tons), Australia (X tons) and India (X tons), together reaching 82% of total import. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 52% share of total imports.

In terms of the main importing countries, India, with a CAGR of +23.2%, 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-Pacific amounted to $X per ton, rising by 2.8% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of 3.9%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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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