Hungary: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Hungary

In 2021, after five years of growth, there was significant decline in the Hungarian fungicide and bactericide market, when its value decreased by -36.1% to $X. Overall, consumption, however, enjoyed a remarkable increase. Fungicide and bactericide consumption peaked at $X in 2020, and then reduced notably in the following year.

Fungicide And Bactericide Production in Hungary

In value terms, fungicide and bactericide production fell significantly to $X in 2021 estimated in export price. In general, production recorded a abrupt setback. The growth pace was the most rapid in 2019 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Fungicide And Bactericide Exports

Exports from Hungary

In 2021, shipments abroad of fungicides, bactericides and seed treatments increased by 33% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 34% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fungicide and bactericide exports surged to $X in 2021. Over the period under review, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Ukraine (X tons) and Germany (X tons) were the main destinations of fungicide and bactericide exports from Hungary, together accounting for 38% of total exports. These countries were followed by France, Russia, the UK, Belgium, Romania, the Netherlands, Spain, Turkey, Italy and Ethiopia, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +129.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Germany ($X) constituted the largest markets for fungicide and bactericide exported from Hungary worldwide, with a combined 39% share of total exports. France, Russia, the UK, Belgium, the Netherlands, Spain, Romania, Italy, Ethiopia and Turkey lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Ethiopia, with a CAGR of +94.9%, 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 average fungicide and bactericide export price stood at $X per ton in 2021, growing by 6.8% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fungicide and bactericide export price increased by +66.1% against 2016 indices. The growth pace was the most rapid in 2020 when the average export price increased by 27% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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 ($X per ton), while the average price for exports to Turkey ($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 Italy (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Hungary

Fungicide and bactericide imports into Hungary shrank modestly to X tons in 2021, waning by -3.6% compared with the previous year's figure. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.5% 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 +21.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, fungicide and bactericide imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +6.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 38%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of fungicide and bactericide to Hungary, accounting for a 39% share of total imports. Moreover, fungicide and bactericide imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.0% per year) and Italy (+0.5% per year).

In value terms, France ($X) constituted the largest supplier of fungicides, bactericides and seed treatments to Hungary, comprising 39% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.2% per year) and Italy (+6.1% per year).

Import Prices by Country

In 2021, the average fungicide and bactericide import price amounted to $X per ton, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 an increase of 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, 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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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