Philippines: Herbicide Market 2025

Herbicide Market Size in the Philippines

The Philippine herbicide market fell to $X in 2021, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +34.5% against 2019 indices. Herbicide consumption peaked at $X in 2020, and then fell in the following year.

Herbicide Production in the Philippines

In value terms, herbicide production shrank to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 64%. Herbicide production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Herbicide Exports

Exports from the Philippines

In 2021, shipments abroad of herbicides increased by 536% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 569% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, herbicide exports skyrocketed to $X in 2021. In general, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 677% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ethiopia (X tons) was the main destination for herbicide exports from the Philippines, accounting for a 100% share of total exports. It was followed by India (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia stood at +1,209.4%.

In value terms, Ethiopia ($X) remains the key foreign market for herbicides exports from the Philippines, comprising 100% of total exports. The second position in the ranking was taken by India ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia stood at +1,327.2%.

Export Prices by Country

In 2021, the average herbicide export price amounted to $X per ton, waning by -44.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 174%. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into the Philippines

In 2021, herbicide imports into the Philippines skyrocketed to X tons, jumping by 22% compared with the year before. In general, total imports indicated a remarkable increase from 2017 to 2021: its volume increased at an average annual rate of +9.0% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, herbicide imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest herbicide supplier to the Philippines, accounting for a 78% share of total imports. Moreover, herbicide imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), eightfold. Vietnam (X tons) ranked third in terms of total imports with a 2.2% share.

From 2017 to 2021, the average annual growth rate of volume from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.8% per year) and Vietnam (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of herbicides to the Philippines, comprising 63% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.3% share of total imports. It was followed by Malaysia, with a 5.1% share.

From 2017 to 2021, the average annual growth rate of value from China totaled +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+23.3% per year) and Malaysia (+6.7% per year).

Import Prices by Country

The average herbicide import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period from 2017 to 2021, it increased at an average annual rate of +9.4%. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Indonesia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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