Northern America: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Northern America

The North American fungicide and bactericide market declined to $X in 2021, which is down by -5.4% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Fungicide And Bactericide Production in Northern America

In value terms, fungicide and bactericide production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Fungicide And Bactericide Exports

Exports in Northern America

In 2021, approx. X tons of fungicides, bactericides and seed treatments were exported in Northern America; jumping by 19% compared with 2020. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, fungicide and bactericide exports skyrocketed to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 27% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 98% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the fungicides, bactericides and seed treatments exports, with a CAGR of +2.3% from 2012 to 2021. Canada (-12.7%) illustrated a downward trend over the same period. While the share of the United States (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-5.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest fungicide and bactericide supplier in Northern America, comprising 99% of total exports. The second position in the ranking was taken by Canada ($X), with a 1% share of total exports.

In the United States, fungicide and bactericide exports expanded at an average annual rate of +3.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 9%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Fungicide And Bactericide Imports

Imports in Northern America

Fungicide and bactericide imports stood at X tons in 2021, growing by 14% against the previous year's figure. Total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% 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 +10.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

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 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons) and Canada (X tons) represented roughly 99.9% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Canada (with a CAGR of +5.2%).

In value terms, the largest fungicide and bactericide importing markets in Northern America were Canada ($X) and the United States ($X).

The United States, with a CAGR of +3.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 17% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 18%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.6%).

Source: IndexBox Platform

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