Greece: Insecticide Market 2025

Insecticide Market Size in Greece

In 2021, after four years of growth, there was significant decline in the Greek insecticide market, when its value decreased by -16.8% to $X. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Insecticide consumption peaked at $X in 2020, and then declined remarkably in the following year.

Insecticide Production in Greece

In value terms, insecticide production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 54%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Insecticide Exports

Exports from Greece

In 2021, approx. X tons of insecticides were exported from Greece; with an increase of 3.2% against 2020 figures. In general, exports posted buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 35%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, insecticide exports dropped to $X in 2021. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 64% against the previous year. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Romania (X tons), Cyprus (X tons) and Bulgaria (X tons) were the main destinations of insecticide exports from Greece, with a combined 51% share of total exports. These countries were followed by France, Albania, Switzerland, Ghana, Serbia, Spain, Italy, Peru, Turkey and Egypt, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +85.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Cyprus ($X) and Bulgaria ($X) were the largest markets for insecticide exported from Greece worldwide, together comprising 26% of total exports. Romania, Switzerland, Turkey, Ghana, Egypt, France, Spain, Peru, Albania and Serbia lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Egypt, with a CAGR of +139.6%, 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 average insecticide export price stood at $X per ton in 2021, reducing by -14.8% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

Insecticide Imports

Imports into Greece

In 2021, purchases abroad of insecticides increased by 3.7% to X tons, rising for the fifth year in a row after two years of decline. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 +61.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, insecticide imports shrank sharply to $X in 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of insecticide to Greece, accounting for a 34% share of total imports. Moreover, insecticide imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.9% per year) and Italy (+1.0% per year).

In value terms, France ($X), Spain ($X) and Italy ($X) constituted the largest insecticide suppliers to Greece, together comprising 64% of total imports. Belgium, Germany, the Netherlands, the United States, Israel, Denmark and the UK lagged somewhat behind, together accounting for a further 26%.

The United States, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, shrinking by -21.1% against the previous year. In general, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2013 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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