MENA: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in MENA

In 2021, the MENA's fungicide and bactericide market decreased by -44.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a noticeable expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Fungicide And Bactericide Production in MENA

In value terms, fungicide and bactericide production declined sharply to $X in 2021 estimated in export price. In general, production, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 144%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Fungicide And Bactericide Exports

Exports in MENA

In 2021, approx. X tons of fungicides, bactericides and seed treatments were exported in MENA; waning by -4.1% compared with 2020. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 71%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fungicide and bactericide exports dropped to $X in 2021. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Israel (X tons) represented the major exporter of fungicides, bactericides and seed treatments, generating 81% of total exports. It was distantly followed by Turkey (X tons), generating a 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fungicide and bactericide exports from Israel stood at +4.6%. At the same time, Turkey (+14.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +14.5% from 2012-2021. While the share of Turkey (+7.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-9.3 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest fungicide and bactericide supplier in MENA, comprising 86% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel stood at +7.2%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with a decrease of -1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the export price increased by 18%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.4%).

Fungicide And Bactericide Imports

Imports in MENA

In 2021, fungicide and bactericide imports in MENA rose markedly to X tons, growing by 9.4% against 2020. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 44%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, fungicide and bactericide imports rose sharply to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 39% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Turkey (X tons) represented the main importer of fungicides, bactericides and seed treatments, committing 33% of total imports. Morocco (X tons) ranks second in terms of the total imports with a 16% share, followed by Algeria (11%), the United Arab Emirates (8.4%), Tunisia (5.4%) and Egypt (5.3%). Israel (X tons), Saudi Arabia (X tons), Iran (X tons), Djibouti (X tons) and Iraq (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fungicide and bactericide imports into Turkey stood at +4.4%. At the same time, the United Arab Emirates (+40.2%), Iraq (+24.3%), Djibouti (+12.3%), Tunisia (+10.6%), Saudi Arabia (+8.6%), Iran (+6.2%), Algeria (+4.5%), Israel (+1.7%) and Morocco (+1.4%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +40.2% from 2012-2021. By contrast, Egypt (-8.5%) illustrated a downward trend over the same period. While the share of Morocco (+16 p.p.), the United Arab Emirates (+7.8 p.p.) and Tunisia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-1.6 p.p.), Turkey (-2.8 p.p.) and Egypt (-13.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in MENA, comprising 36% of total imports. The second position in the ranking was taken by Morocco ($X), with a 13% share of total imports. It was followed by Algeria, with a 13% share.

In Turkey, fungicide and bactericide imports increased at an average annual rate of +5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Morocco (+3.4% per year) and Algeria (+5.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, increasing by 2.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 7.7%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Djibouti (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform