CIS: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in CIS

The CIS fungicide and bactericide market reached $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Fungicide And Bactericide Production in CIS

In value terms, fungicide and bactericide production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Fungicide And Bactericide Exports

Exports in CIS

For the seventh consecutive year, the CIS recorded growth in shipments abroad of fungicides, bactericides and seed treatments, which increased by 15% to X tons in 2021. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 57%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, fungicide and bactericide exports skyrocketed to $X in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 60%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia was the major exporter of fungicides, bactericides and seed treatments in the CIS, with the volume of exports accounting for X tons, which was near 55% of total exports in 2021. It was distantly followed by Belarus (X tons) and Kazakhstan (X tons), together creating a 41% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +45.1%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price, however, recorded a slight setback. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Fungicide And Bactericide Imports

Imports in CIS

Fungicide and bactericide imports stood at X tons in 2021, increasing by 9% on the year before. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 31%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fungicide and bactericide imports amounted to $X in 2021. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, Russia (X tons) represented the major importer of fungicides, bactericides and seed treatments, mixing up 64% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 12% share, followed by Moldova (7.7%) and Belarus (7%). The following importers - Azerbaijan (X tons), Armenia (X tons) and Uzbekistan (X tons) - together made up 8.7% of total imports.

From 2012 to 2021, average annual rates of growth with regard to fungicide and bactericide imports into Russia stood at +10.1%. At the same time, Azerbaijan (+15.4%), Kazakhstan (+15.1%), Armenia (+7.6%), Moldova (+7.0%) and Belarus (+1.5%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.4% from 2012-2021. By contrast, Uzbekistan (-5.8%) illustrated a downward trend over the same period. While the share of Kazakhstan (+4.1 p.p.), Uzbekistan (+1.9 p.p.), Russia (+1.7 p.p.) and Azerbaijan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Moldova (-2 p.p.) and Belarus (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in the CIS, comprising 62% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total imports. It was followed by Belarus, with a 9.4% share.

In Russia, fungicide and bactericide imports expanded at an average annual rate of +10.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+17.6% per year) and Belarus (+0.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, growing by 3.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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