Europe: Insecticide Market 2024

Insecticide Market Size in Europe

In 2021, after five years of growth, there was decline in the Europe insecticide market, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +3.4% 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 maximum level at $X in 2020, and then reduced in the following year.

Insecticide Production in Europe

In value terms, insecticide production declined markedly to $X in 2021 estimated in export price. Overall, production recorded a slight decrease. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Insecticide Exports

Exports in Europe

In 2021, overseas shipments of insecticides decreased by -1.7% 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 +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 21% against the previous year. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, insecticide exports contracted modestly to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

France (X tons) and Spain (X tons) represented roughly 37% of total exports in 2021. The Netherlands (X tons) ranks next in terms of the total exports with an 11% share, followed by Belgium (10%), Italy (10%) and Germany (9.3%). Poland (X tons), the UK (X tons), Austria (X tons), Russia (X tons) and Hungary (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +12.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, together comprising 59% of total exports. These countries were followed by Spain, Italy, Austria, the Netherlands, Hungary, Poland, the UK and Russia, which together accounted for a further 31%.

In terms of the main exporting countries, Hungary, with a CAGR of +14.9%, 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 Europe stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price 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. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the Netherlands ($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 Europe

In 2021, purchases abroad of insecticides decreased by -2.1% 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 +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 12% against the previous year. The volume of import peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, insecticide imports reduced to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 9.8% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, France (X tons), Italy (X tons), Spain (X tons), Russia (X tons), Belgium (X tons), Hungary (X tons), Ukraine (X tons), Germany (X tons), Romania (X tons), the UK (X tons), the Netherlands (X tons) and Greece (X tons) represented the largest importer of insecticides in Europe, generating 81% of total import.

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, France ($X), Italy ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2021, with a combined 35% share of total imports. Russia, Ukraine, Belgium, Germany, the Netherlands, Hungary, Romania, Greece and the UK lagged somewhat behind, together comprising a further 43%.

Russia, with a CAGR of +9.0%, saw 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 Europe amounted to $X per ton, which is down by -4.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while the UK ($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