India: Pesticide Market 2024

Pesticide Market Size in India

The Indian pesticide market amounted to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pesticide Production in India

In value terms, pesticide production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Pesticide production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pesticide Exports

Exports from India

For the eighth consecutive year, India recorded growth in shipments abroad of pesticides, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pesticide exports skyrocketed to $X in 2022. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil (X tons), the United States (X tons) and Bangladesh (X tons) were the main destinations of pesticide exports from India, together comprising X% of total exports. Vietnam, Colombia, Australia, the United Arab Emirates, Indonesia, China, Costa Rica, Thailand, Argentina and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pesticide exported from India were the United States ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports. Australia, Indonesia, Vietnam, France, Colombia, China, Bangladesh, Thailand, the United Arab Emirates and Costa Rica lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pesticide export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pesticide Imports

Imports into India

For the seventh consecutive year, India recorded growth in supplies from abroad of pesticides, which increased by X% to X tons in 2022. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pesticide imports shrank modestly to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

China (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of pesticide imports to India, with a combined X% share of total imports. Israel, Thailand, Japan, the UK, the Netherlands, Germany, Singapore and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pesticides to India, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

The average pesticide import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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