Bangladesh: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Bangladesh

The Bangladeshi fungicide and bactericide market contracted dramatically to $X in 2021, with a decrease of -23.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a remarkable increase. Fungicide and bactericide consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Fungicide And Bactericide Exports

Exports from Bangladesh

In 2021, overseas shipments of fungicides, bactericides and seed treatments increased by 88% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 746%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fungicide and bactericide exports surged to $X in 2021. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,073% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Pakistan (X tons) was the main destination for fungicide and bactericide exports from Bangladesh, with a 96% share of total exports. Moreover, fungicide and bactericide exports to Pakistan exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Pakistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Myanmar (-25.8% per year).

In value terms, India ($X), Pakistan ($X) and Myanmar ($X) appeared to be the largest markets for fungicide and bactericide exported from Bangladesh worldwide.

In terms of the main countries of destination, Pakistan, with a CAGR of 0.0%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average fungicide and bactericide export price amounted to $X per ton, surging by 1.7% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fungicide and bactericide export price increased by +51.2% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 39% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (-4.1%).

Fungicide And Bactericide Imports

Imports into Bangladesh

In 2021, fungicide and bactericide imports into Bangladesh declined notably to X tons, which is down by -25% on the previous year. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2014 when imports increased by 45%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fungicide and bactericide imports dropped rapidly to $X in 2021. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 52%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of fungicide and bactericide to Bangladesh, accounting for a 60% share of total imports. Moreover, fungicide and bactericide imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.6% per year) and France (-3.4% per year).

In value terms, South Korea ($X), China ($X) and India ($X) constituted the largest fungicide and bactericide suppliers to Bangladesh, with a combined 77% share of total imports.

South Korea, with a CAGR of +34.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fungicide and bactericide import price stood at $X per ton in 2021, with an increase of 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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