Australia and Oceania: Insecticide Market 2024

Insecticide Market Size in Australia and Oceania

For the sixth year in a row, the insecticide market in Australia and Oceania recorded growth in sales value, which increased by 11% to $X in 2021. In general, consumption showed a remarkable increase. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Insecticide Production in Australia and Oceania

In value terms, insecticide production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 329% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Insecticide Exports

Exports in Australia and Oceania

In 2021, exports of insecticides in Australia and Oceania reduced to X tons, falling by -7.9% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, insecticide exports fell to $X in 2021. Overall, exports showed a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was near 91% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting an 8.6% share of total exports.

Australia was also the fastest-growing in terms of the insecticides exports, with a CAGR of +13.6% from 2012 to 2021. New Zealand (-20.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +62 percentage points.

In value terms, Australia ($X) remains the largest insecticide supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total exports.

In Australia, insecticide exports expanded at an average annual rate of +13.1% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, reducing by -2.7% against the previous year. In general, the export price saw a mild shrinkage. The growth pace was the most rapid in 2017 when the export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.9%).

Insecticide Imports

Imports in Australia and Oceania

In 2021, after three years of decline, there was significant growth in overseas purchases of insecticides, when their volume increased by 12% to X tons. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 13%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, insecticide imports surged to $X in 2021. The total import value increased at an average annual rate of +4.8% over the period from 2012 to 2021; 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

Australia represented the major importer of insecticides in Australia and Oceania, with the volume of imports recording X tons, which was approx. 59% of total imports in 2021. New Zealand (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Fiji (9.2%). The following importers - Papua New Guinea (X tons), Samoa (X tons) and New Caledonia (X tons) - together made up 8.3% of total imports.

From 2012 to 2021, average annual rates of growth with regard to insecticide imports into Australia stood at +1.0%. At the same time, Samoa (+18.9%), Fiji (+8.3%), Papua New Guinea (+7.7%), New Caledonia (+3.9%) and New Zealand (+2.1%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +18.9% from 2012-2021. Fiji (+3.7 p.p.) and Samoa (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported insecticides in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total imports. It was followed by Fiji, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +5.5%. In the other countries, the average annual rates were as follows: New Zealand (+3.1% per year) and Fiji (+10.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 19%. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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