Peru: Fungicide And Bactericide Market 2025

Fungicide And Bactericide Market Size in Peru

For the sixth year in a row, the Peruvian fungicide and bactericide market recorded growth in sales value, which increased by 5.3% to $X in 2021. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.3% against 2013 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Fungicide And Bactericide Production in Peru

In value terms, fungicide and bactericide production amounted to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Fungicide and bactericide production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fungicide And Bactericide Exports

Exports from Peru

In 2021, approx. X tons of fungicides, bactericides and seed treatments were exported from Peru; growing by 7.1% compared with the previous year. Over the period under review, exports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 7.9%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fungicide and bactericide exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Greece (X tons) and Argentina (X tons) were the main destinations of fungicide and bactericide exports from Peru, together accounting for 42% of total exports. These countries were followed by Chile, Australia, Bolivia, Brazil, Ecuador, Egypt, Italy, Jordan, the UK and Syrian Arab Republic, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +19.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fungicide and bactericide exported from Peru were Argentina ($X), Chile ($X) and Greece ($X), together accounting for 41% of total exports. Portugal, Australia, Bolivia, Brazil, Egypt, Italy, Syrian Arab Republic, the UK, Jordan and Ecuador lagged somewhat behind, together accounting for a further 44%.

Among the main countries of destination, Ecuador, with a CAGR of +15.6%, saw 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 average fungicide and bactericide export price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Peru

In 2021, supplies from abroad of fungicides, bactericides and seed treatments decreased by -2.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +89.0% against 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, fungicide and bactericide imports stood at $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +90.2% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of 20%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Chile (X tons) and Colombia (X tons) were the main suppliers of fungicide and bactericide imports to Peru, together comprising 70% of total imports. These countries were followed by India, Spain, France, Germany, Mexico, Japan, the United States and Brazil, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Colombia ($X) and Chile ($X) constituted the largest fungicide and bactericide suppliers to Peru, with a combined 59% share of total imports. These countries were followed by the United States, France, Japan, Spain, Brazil, Germany, Mexico and India, which together accounted for a further 29%.

Mexico, with a CAGR of +23.0%, recorded the highest rates of growth with regard to 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

The average fungicide and bactericide import price stood at $X per ton in 2021, picking up by 6.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 7% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :