Morocco: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Morocco

The Moroccan fungicide and bactericide market surged to $X in 2021, jumping by 33% 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 saw a noticeable expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fungicide And Bactericide Exports

Exports from Morocco

In 2021, overseas shipments of fungicides, bactericides and seed treatments were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a dramatic decrease. The pace of growth was the most pronounced in 2017 with an increase of 10,407% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, fungicide and bactericide exports fell to $X in 2021. In general, exports, however, continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2017 when exports increased by 14,751% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Gabon (X tons) was the main destination for fungicide and bactericide exports from Morocco, accounting for a 61% share of total exports. Moreover, fungicide and bactericide exports to Gabon exceeded the volume sent to the second major destination, Mauritania (X tons), twofold. Mali (X kg) ranked third in terms of total exports with a 6.1% share.

From 2015 to 2021, the average annual growth rate of volume to Gabon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+58.4% per year) and Mali (-8.0% per year).

In value terms, Gabon ($X), Mauritania ($X) and Mali ($X) appeared to be the largest markets for fungicide and bactericide exported from Morocco worldwide, together accounting for 94% of total exports.

In terms of the main countries of destination, Mauritania, with a CAGR of +69.0%, saw the highest growth rate of 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 -66.3% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 284%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Mauritania ($X per ton) and Mali ($X per ton), while the average price for exports to Tunisia ($X per ton) and Gabon ($X per ton) were amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+75.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Morocco

In 2021, approx. X tons of fungicides, bactericides and seed treatments were imported into Morocco; with an increase of 10% on the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2015 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 13%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, fungicide and bactericide imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2015 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest fungicide and bactericide supplier to Morocco, with a 47% share of total imports. Moreover, fungicide and bactericide imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2015 to 2021, the average annual growth rate of volume from India totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.7% per year) and Germany (+3.6% per year).

In value terms, India ($X), France ($X) and Germany ($X) constituted the largest fungicide and bactericide suppliers to Morocco, together accounting for 45% of total imports. Spain, Italy, China, Belgium, the United States, Bulgaria and Colombia lagged somewhat behind, together accounting for a further 41%.

Colombia, with a CAGR of +25.9%, recorded the highest growth rate of 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, increasing by 20% against the previous year. Over the last six years, it increased at an average annual rate of +1.9%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by China (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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