Australia and Oceania: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Australia and Oceania

The fungicide and bactericide market in Australia and Oceania rose rapidly to $X in 2021, increasing by 9.9% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Fungicide And Bactericide Production in Australia and Oceania

In value terms, fungicide and bactericide production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 2,323% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Fungicide And Bactericide Exports

Exports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in overseas shipments of fungicides, bactericides and seed treatments, when their volume decreased by -20.5% to X tons. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 95% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell notably in the following year.

In value terms, fungicide and bactericide exports declined to $X in 2021. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 82%. The level of export peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was approx. 92% of total exports in 2021. It was distantly followed by New Zealand (X tons), committing an 8.2% share of total exports.

Australia was also the fastest-growing in terms of the fungicides, bactericides and seed treatments exports, with a CAGR of +18.1% from 2012 to 2021. New Zealand (-6.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +34 percentage points.

In value terms, Australia ($X) remains the largest fungicide and bactericide supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was held by New Zealand ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at +14.1%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, picking up by 12% against the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.4%).

Fungicide And Bactericide Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of fungicides, bactericides and seed treatments increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 28%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, fungicide and bactericide imports soared to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 +51.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 37%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of about X tons, which accounted for 77% of total imports. It was distantly followed by New Zealand (X tons), achieving a 22% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of fungicides, bactericides and seed treatments. At the same time, New Zealand (+5.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.6% from 2012-2021. New Zealand (+6.3 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 26% share of total imports.

In Australia, fungicide and bactericide imports expanded at an average annual rate of +4.0% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, with an increase of 4.3% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fungicide and bactericide import price increased by +81.3% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 26%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.1%).

Source: IndexBox Platform

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