Belarus: Herbicide Market 2024

Herbicide Market Size in Belarus

The Belarusian herbicide market reached $X in 2021, leveling off at the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Herbicide Production in Belarus

In value terms, herbicide production reached $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.0% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 29% against the previous year. Herbicide production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Herbicide Exports

Exports from Belarus

Herbicide exports from Belarus expanded notably to X tons in 2021, with an increase of 6.3% against 2020 figures. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 50% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, herbicide exports surged to $X in 2021. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 72% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Russia (X tons), Ukraine (X tons) and Kazakhstan (X tons) were the main destinations of herbicide exports from Belarus, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +341.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for herbicide exported from Belarus were Russia ($X), Ukraine ($X) and Belgium ($X), together accounting for 95% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +215.2%, saw the highest growth rate of 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 average herbicide export price stood at $X per ton in 2021, with an increase of 20% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Kazakhstan ($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 Belgium (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into Belarus

In 2021, overseas purchases of herbicides decreased by -21.9% to X tons, falling for the second year in a row after three years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, herbicide imports rose to $X in 2021. Over the period under review, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 when imports increased by 23%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest herbicide supplier to Belarus, accounting for a 65% share of total imports. Moreover, herbicide imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and France (-12.6% per year).

In value terms, Russia ($X), Germany ($X) and France ($X) appeared to be the largest herbicide suppliers to Belarus, together comprising 88% of total imports.

Russia, with a CAGR of +7.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average herbicide import price stood at $X per ton in 2021, with an increase of 33% against the previous year. In general, the import price, however, recorded a pronounced descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :