EU: Insecticide Market 2024

Insecticide Market Size in the EU

In 2021, after four years of growth, there was decline in the EU insecticide market, when its value decreased by -4.1% to $X. The market value increased at an average annual rate of +2.3% 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 reached the maximum level at $X in 2020, and then declined in the following year.

Insecticide Production in the EU

In value terms, insecticide production fell sharply to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. As a result, production attained the peak level of $X, and then contracted dramatically in the following year.

Insecticide Exports

Exports in the EU

In 2021, shipments abroad of insecticides decreased by -0.8% to X tons for the first time since 2018, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then reduced modestly in the following year.

In value terms, insecticide exports amounted to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.9% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 21%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

France (X tons) and Spain (X tons) represented the key exporters of insecticides in 2021, resulting at approx. 21% and 19% of total exports, respectively. It was distantly followed by the Netherlands (X tons), Belgium (X tons), Italy (X tons) and Germany (X tons), together creating a 44% share of total exports. Poland (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of exports in 2021, together accounting for 62% of total exports. These countries were followed by Spain, Italy, the Netherlands and Poland, which together accounted for a further 22%.

In terms of the main exporting countries, Poland, with a CAGR of +10.2%, recorded the highest growth rate of 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, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the other leaders experienced more modest paces of growth.

Insecticide Imports

Imports in the EU

In 2021, supplies from abroad of insecticides decreased by -1.6% 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 +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 12% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped modestly in the following year.

In value terms, insecticide imports declined modestly to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 9.8%. Over the period under review, imports hit record highs at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, France (X tons), Italy (X tons) and Spain (X tons) was the main importer of insecticides in the European Union, creating 41% of total import. Belgium (X tons) held a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (7.4%), Germany (6.9%), Romania (6.3%), the Netherlands (5.8%) and Greece (5.4%).

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 +6.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 45% share of total imports. These countries were followed by Belgium, Germany, the Netherlands, Hungary, Romania and Greece, which together accounted for a further 34%.

In terms of the main importing countries, Romania, with a CAGR of +8.9%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per ton in 2021, dropping by -2.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 17%. The level of import peaked 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 France ($X per ton), while Hungary ($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 Netherlands (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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