Luxembourg: Insecticide Market 2024

Insecticide Market Size in Luxembourg

The Luxembourg insecticide market fell to $X in 2021, reducing by -12% 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). Overall, consumption continues to indicate a noticeable contraction. Insecticide consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Insecticide Exports

Exports from Luxembourg

In 2021, approx. X tons of insecticides were exported from Luxembourg; growing by 67% against 2020 figures. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, insecticide exports reduced to $X in 2021. In general, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 96%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Germany (X tons) and France (X tons) were the main destinations of insecticide exports from Luxembourg, together comprising 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +11.3%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) remains the key foreign market for insecticides exports from Luxembourg, comprising 70% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and France (+8.7% per year).

Export Prices by Country

The average insecticide export price stood at $X per ton in 2021, falling by -43.5% against the previous year. Overall, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 42%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Denmark (+69.0%), while the prices for the other major destinations experienced mixed trend patterns.

Insecticide Imports

Imports into Luxembourg

In 2021, overseas purchases of insecticides decreased by -5.1% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 76% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, insecticide imports skyrocketed to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of insecticide imports to Luxembourg, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +22.2%), while imports for the other leaders experienced a decline.

In value terms, the largest insecticide suppliers to Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined 96% share of total imports.

France, with a CAGR of +31.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average insecticide import price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insecticide import price increased by +139.9% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 67% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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