EU: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in the EU

After two years of growth, the EU fungicide and bactericide market decreased by -15.9% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Fungicide And Bactericide Production in the EU

In value terms, fungicide and bactericide production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Fungicide And Bactericide Exports

Exports in the EU

In 2021, the amount of fungicides, bactericides and seed treatments exported in the European Union rose notably to X tons, growing by 5% against 2020. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, fungicide and bactericide exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 16%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

In 2021, France (X tons) and Germany (X tons) were the major exporters of fungicides, bactericides and seed treatments in the European Union, together reaching approx. 53% of total exports. It was distantly followed by Spain (X tons), the Netherlands (X tons) and Italy (X tons), together committing a 28% share of total exports. Belgium (X tons) and Hungary (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide supplying countries in the European Union were France ($X), Germany ($X) and Spain ($X), together accounting for 69% of total exports. These countries were followed by Italy, Belgium, Hungary and the Netherlands, which together accounted for a further 19%.

In terms of the main exporting countries, Hungary, with a CAGR of +16.2%, saw 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

The export price in the European Union stood at $X per ton in 2021, picking up by 2.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 7.6%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 ($X per ton), while the Netherlands ($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 the EU

In 2021, overseas purchases of fungicides, bactericides and seed treatments increased by 6.8% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 12% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, fungicide and bactericide imports expanded significantly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 12% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of fungicide and bactericide imports in 2021 were France (X tons), Italy (X tons), Germany (X tons), Spain (X tons), Poland (X tons), Belgium (X tons) and the Netherlands (X tons), together resulting at 71% of total import. The following importers - Portugal (X tons), Greece (X tons), Romania (X tons), Hungary (X tons), Sweden (X tons) and Denmark (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, together comprising 42% of total imports. These countries were followed by Spain, Italy, the Netherlands, Belgium, Romania, Hungary, Denmark, Greece, Portugal and Sweden, which together accounted for a further 45%.

Romania, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in the European Union amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2018 when the import price increased by 12%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Denmark ($X per ton), while Portugal ($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

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