Canada: Insecticide Market 2025

Insecticide Market Size in Canada

In 2021, after two years of growth, there was significant decline in the Canadian insecticide market, when its value decreased by -8.2% to $X. Overall, consumption showed significant growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Insecticide Production in Canada

In value terms, insecticide production dropped to $X in 2021 estimated in export price. In general, production, however, posted a notable expansion. The growth pace was the most rapid in 2015 with an increase of 148%. Insecticide production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Insecticide Exports

Exports from Canada

In 2021, overseas shipments of insecticides increased by 40% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 169%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, insecticide exports skyrocketed to $X in 2021. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of 104%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for insecticide exports from Canada, with a 92% share of total exports. It was followed by Cuba (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.8%.

In value terms, the United States ($X) remains the key foreign market for insecticides exports from Canada, comprising 88% of total exports. The second position in the ranking was taken by Cuba ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +8.4%.

Export Prices by Country

The average insecticide export price stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the export price, however, saw a mild curtailment. The growth pace was the most rapid in 2018 an increase of 35% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.3%).

Insecticide Imports

Imports into Canada

In 2021, insecticide imports into Canada surged to X tons, jumping by 36% against the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.1% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, insecticide imports skyrocketed to $X in 2021. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 43% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest insecticide supplier to Canada, with a 76% share of total imports. Moreover, insecticide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was held by Mexico (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and Mexico (+17.2% per year).

In value terms, the United States ($X) constituted the largest supplier of insecticides to Canada, comprising 73% of total imports. The second position in the ranking was held by Germany ($X), with a 5.8% share of total imports. It was followed by Mexico, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Mexico (+21.4% per year).

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, falling by -11% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insecticide import price decreased by -17.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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