Iran: Insecticide Market 2024

Insecticide Market Size in Iran

The Iranian insecticide market dropped markedly to $X in 2021, waning by -36.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Insecticide Exports

Exports from Iran

In 2021, approx. X tons of insecticides were exported from Iran; growing by 5.9% on 2020 figures. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 124%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, insecticide exports soared to $X in 2021. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 197% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Azerbaijan (X tons) was the main destination for insecticide exports from Iran, with a 81% share of total exports. Moreover, insecticide exports to Azerbaijan exceeded the volume sent to the second major destination, Tajikistan (X tons), tenfold. The third position in this ranking was taken by Uzbekistan (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Azerbaijan totaled +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (-14.8% per year) and Uzbekistan (+19.6% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for insecticides exports from Iran, comprising 67% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 14% share of total exports. It was followed by Uzbekistan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Azerbaijan amounted to +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Uzbekistan (+2.4% per year).

Export Prices by Country

The average insecticide export price stood at $X per ton in 2021, surging by 41% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 159% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Tajikistan ($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 Georgia (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Insecticide Imports

Imports into Iran

In 2021, insecticide imports into Iran shrank significantly to X tons, with a decrease of -39.9% compared with 2020 figures. In general, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when imports increased by 136% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, insecticide imports reduced remarkably to $X in 2021. Overall, imports saw a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of 142%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of insecticide to Iran, with a 73% share of total imports. Moreover, insecticide imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by Turkey (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.3% per year) and Turkey (-8.1% per year).

In value terms, China ($X) constituted the largest supplier of insecticides to Iran, comprising 56% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.6% per year) and India (-2.2% per year).

Import Prices by Country

The average insecticide import price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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