Middle East: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in the Middle East

In 2021, the Middle Eastern fungicide and bactericide market decreased by -51.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a perceptible increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Fungicide And Bactericide Production in the Middle East

In value terms, fungicide and bactericide production reduced notably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 144% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Fungicide And Bactericide Exports

Exports in the Middle East

In 2021, fungicide and bactericide exports in the Middle East contracted slightly to X tons, shrinking by -4.5% compared with the year before. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 73%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fungicide and bactericide exports dropped to $X in 2021. In general, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 71%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel represented the main exporting country with an export of about X tons, which finished at 82% of total exports. It was distantly followed by Turkey (X tons), comprising a 15% share of total exports.

Exports from Israel increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, Turkey (+14.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +14.5% from 2012-2021. While the share of Turkey (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-8.7 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest fungicide and bactericide supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports.

In Israel, fungicide and bactericide exports expanded at an average annual rate of +7.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, which is down by -2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 18% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 the Middle East

Fungicide and bactericide imports totaled X tons in 2021, picking up by 5% on the year before. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 decreased by -0.9% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 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 remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +17.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 26%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Turkey was the key importing country with an import of around X tons, which finished at 56% of total imports. It was distantly followed by the United Arab Emirates (X tons), Israel (X tons), Saudi Arabia (X tons) and Iran (X tons), together committing a 33% share of total imports. The following importers - Iraq (X tons) and Lebanon (X tons) - together made up 5.1% 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%), Saudi Arabia (+8.6%), Iran (+6.2%) and Israel (+1.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +40.2% from 2012-2021. By contrast, Lebanon (-6.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Iraq and Saudi Arabia increased by +13, +2.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in the Middle East, comprising 61% of total imports. The second position in the ranking was taken by Israel ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with a 9.2% 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: Israel (+1.8% per year) and the United Arab Emirates (+32.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 17%. Over the period under review, import prices hit record highs 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 Turkey (+0.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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