Portugal: Fungicide And Bactericide Market 2025

Fungicide And Bactericide Market Size in Portugal

The Portuguese fungicide and bactericide market contracted notably to $X in 2021, falling by -44% against the previous year. In general, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Fungicide And Bactericide Production in Portugal

In value terms, fungicide and bactericide production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Fungicide And Bactericide Exports

Exports from Portugal

Fungicide and bactericide exports from Portugal skyrocketed to X tons in 2021, with an increase of 17% compared with the previous year's figure. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, fungicide and bactericide exports rose remarkably to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +29.1% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 46% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons), Italy (X tons) and France (X tons) were the main destinations of fungicide and bactericide exports from Portugal, together accounting for 72% of total exports. The Netherlands, Greece, Bulgaria, Romania, the United States, Brazil and Canada lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +149.5%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for fungicides, bactericides and seed treatments exports from Portugal, comprising 43% of total exports. The second position in the ranking was taken by Italy ($X), with a 19% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+4.3% per year) and France (+20.2% per year).

Export Prices by Country

The average fungicide and bactericide export price stood at $X per ton in 2021, falling by -2.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Portugal

In 2021, approx. X tons of fungicides, bactericides and seed treatments were imported into Portugal; rising by 3.9% compared with 2020. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 21%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, fungicide and bactericide imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest fungicide and bactericide supplier to Portugal, accounting for a 46% share of total imports. Moreover, fungicide and bactericide imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.5% per year) and France (+23.4% per year).

In value terms, Spain ($X) constituted the largest supplier of fungicides, bactericides and seed treatments to Portugal, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Italy, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+26.0% per year) and Italy (+6.5% per year).

Import Prices by Country

In 2021, the average fungicide and bactericide import price amounted to $X per ton, surging by 8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 8.8% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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