Eastern Europe: Insecticide Market 2024

Insecticide Market Size in Eastern Europe

After two years of growth, the East European insecticide market decreased by -13.2% to $X in 2021. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.9% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Insecticide Production in Eastern Europe

In value terms, insecticide production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Insecticide Exports

Exports in Eastern Europe

In 2021, shipments abroad of insecticides increased by 14% to X tons, rising for the sixth year in a row after two years of decline. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, insecticide exports expanded to $X in 2021. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 43%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, Poland (X tons), distantly followed by Russia (X tons), Hungary (X tons), Bulgaria (X tons), Romania (X tons) and the Czech Republic (X tons) were the largest exporters of insecticides, together generating 91% of total exports. Lithuania (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lithuania (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest insecticide supplying countries in Eastern Europe were Hungary ($X), Poland ($X) and Romania ($X), with a combined 63% share of total exports.

Romania, with a CAGR of +21.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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, declining by -11.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 when the export price increased by 15%. The level of export peaked at $X per ton in 2020, and then dropped in the following year.

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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.7%), while the other leaders experienced more modest paces of growth.

Insecticide Imports

Imports in Eastern Europe

In 2021, purchases abroad of insecticides decreased by -0.7% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, insecticide imports fell to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. The level of import peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Russia (X tons), Hungary (X tons), Ukraine (X tons) and Romania (X tons) represented the main importer of insecticides in Eastern Europe, achieving 74% of total import. Poland (X tons) took the next position in the ranking, followed by Bulgaria (X tons). All these countries together held approx. 14% share of total imports. The Czech Republic (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +6.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Ukraine ($X) and Hungary ($X) were the countries with the highest levels of imports in 2021, together accounting for 56% of total imports.

Among the main importing countries, Russia, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, 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, falling by -6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 when the import price increased by 30% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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