Kenya: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Kenya

The Kenyan fungicide and bactericide market fell rapidly to $X in 2021, waning by -25% 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, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Fungicide And Bactericide Exports

Exports from Kenya

For the seventh year in a row, Kenya recorded growth in overseas shipments of fungicides, bactericides and seed treatments, which increased by 27% to X tons in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 94% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, fungicide and bactericide exports shrank remarkably to $X in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 68%. The exports peaked at $X in 2020, and then reduced notably in the following year.

Exports by Country

Ethiopia (X tons), Tanzania (X tons) and Uganda (X tons) were the main destinations of fungicide and bactericide exports from Kenya, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +52.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), Uganda ($X) and Tanzania ($X) were the largest markets for fungicide and bactericide exported from Kenya worldwide, together accounting for 89% of total exports. These countries were followed by Rwanda, which accounted for a further 3.4%.

Among the main countries of destination, Rwanda, with a CAGR of +44.3%, saw the highest rates of growth with regard to 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

In 2021, the average fungicide and bactericide export price amounted to $X per ton, falling by -33.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 51%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 Uganda ($X per ton), while the average price for exports to Rwanda ($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 Rwanda (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Fungicide And Bactericide Imports

Imports into Kenya

Fungicide and bactericide imports into Kenya fell rapidly to X tons in 2021, waning by -17.5% against 2020. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, fungicide and bactericide imports declined significantly to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 58%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

India (X tons), China (X tons) and France (X tons) were the main suppliers of fungicide and bactericide imports to Kenya, with a combined 65% share of total imports. South Africa, Italy, Germany, Thailand, Spain, Israel, Norway, the UK, the United States and Malaysia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +43.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and India ($X) constituted the largest fungicide and bactericide suppliers to Kenya, together accounting for 57% of total imports. These countries were followed by Germany, the UK, Israel, South Africa, Italy, Spain, Thailand, Norway, the United States and Malaysia, which together accounted for a further 32%.

Thailand, with a CAGR of +33.5%, 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 fungicide and bactericide import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2017 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 the UK ($X per ton), while the price for Malaysia ($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 United States (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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