Eastern Europe: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Eastern Europe

In 2021, the East European fungicide and bactericide market decreased by -0.8% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, leveling off in the following year.

Fungicide And Bactericide Production in Eastern Europe

In value terms, fungicide and bactericide production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Fungicide And Bactericide Exports

Exports in Eastern Europe

For the fifth consecutive year, Eastern Europe recorded growth in shipments abroad of fungicides, bactericides and seed treatments, which increased by 19% to X tons in 2021. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 28% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fungicide and bactericide exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. 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

In 2021, Hungary (X tons) was the key exporter of fungicides, bactericides and seed treatments, comprising 33% of total exports. It was distantly followed by Bulgaria (X tons), Poland (X tons), Romania (X tons), Russia (X tons), Belarus (X tons) and the Czech Republic (X tons), together committing a 62% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +40.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide supplying countries in Eastern Europe were Hungary ($X), Poland ($X) and Romania ($X), with a combined 73% share of total exports.

Among the main exporting countries, Romania, with a CAGR of +35.8%, 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 Eastern Europe amounted to $X per ton, with an increase of 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 16%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.1%), while the other leaders experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports in Eastern Europe

In 2021, fungicide and bactericide imports in Eastern Europe expanded slightly to X tons, growing by 4.8% against 2020. Total imports indicated a resilient expansion from 2012 to 2021: its volume 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, imports increased by +23.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 27% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fungicide and bactericide imports totaled $X in 2021. The total import value increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 16%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Poland (X tons), Ukraine (X tons) and Russia (X tons) represented roughly 60% of total imports in 2021. It was distantly followed by Romania (X tons), Hungary (X tons) and Latvia (X tons), together making up a 22% share of total imports. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +10.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide importing markets in Eastern Europe were Ukraine ($X), Poland ($X) and Russia ($X), with a combined 59% share of total imports.

Russia, with a CAGR of +10.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 3.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 5.6%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :