MERCOSUR: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in MERCOSUR

In 2021, the MERCOSUR fungicide and bactericide market decreased by -7.5% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a slight contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Fungicide And Bactericide Production in MERCOSUR

In value terms, fungicide and bactericide production rose sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fungicide And Bactericide Exports

Exports in MERCOSUR

In 2021, overseas shipments of fungicides, bactericides and seed treatments decreased by -1.5% to X tons for the first time since 2018, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.6% 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 2019 with an increase of 29% against the previous year. The volume of export peaked at X tons in 2020, and then reduced in the following year.

In value terms, fungicide and bactericide exports rose rapidly to $X in 2021. In general, exports recorded a mild setback. The pace of growth was the most pronounced in 2019 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia was the main exporter of fungicides, bactericides and seed treatments in MERCOSUR, with the volume of exports finishing at X tons, which was near 59% of total exports in 2021. Brazil (X tons) ranks second in terms of the total exports with a 19% share, followed by Chile (15%). Peru (X tons) and Argentina (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the fungicides, bactericides and seed treatments exports, with a CAGR of +7.0% from 2012 to 2021. At the same time, Brazil (+3.7%) displayed positive paces of growth. Chile experienced a relatively flat trend pattern. By contrast, Peru (-1.1%) and Argentina (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fungicide and bactericide supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Chile ($X), together comprising 86% of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of +4.3%, recorded 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

The export price in MERCOSUR stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, showed a pronounced reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Fungicide And Bactericide Imports

Imports in MERCOSUR

In 2021, after two years of growth, there was decline in purchases abroad of fungicides, bactericides and seed treatments, when their volume decreased by -0.7% to X tons. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +22.6% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, fungicide and bactericide imports dropped to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, finishing at X tons, which was near 55% of total imports in 2021. Colombia (X tons) held the second position in the ranking, followed by Ecuador (X tons), Argentina (X tons), Paraguay (X tons), Peru (X tons) and Chile (X tons). All these countries together held near 42% share of total imports.

Imports into Brazil increased at an average annual rate of +8.1% from 2012 to 2021. At the same time, Paraguay (+16.0%), Peru (+7.3%), Colombia (+6.5%) and Ecuador (+3.6%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +16.0% from 2012-2021. Chile and Argentina experienced a relatively flat trend pattern. While the share of Brazil (+10 p.p.) and Paraguay (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ecuador (-1.7 p.p.), Chile (-2.7 p.p.) and Argentina (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in MERCOSUR, comprising 49% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 9.8% share of total imports. It was followed by Argentina, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Ecuador (+1.9% per year) and Argentina (-4.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, falling by -7.9% against the previous year. Overall, the import price showed a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform