Portugal: Insecticide Market 2025

Insecticide Market Size in Portugal

In 2021, the Portuguese insecticide market decreased by -36.5% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Insecticide Production in Portugal

In value terms, insecticide production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Insecticide Exports

Exports from Portugal

In 2021, exports of insecticides from Portugal rose notably to X tons, picking up by 12% on 2020 figures. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 88%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, insecticide exports reached $X in 2021. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 42%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Spain (X tons) and France (X tons) were the main destinations of insecticide exports from Portugal, with a combined 62% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +162.8%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Spain ($X) and France ($X) constituted the largest markets for insecticide exported from Portugal worldwide, together accounting for 61% of total exports.

Brazil, with a CAGR of +173.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 insecticide export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the UK ($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 Nigeria (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Insecticide Imports

Imports into Portugal

In 2021, approx. X tons of insecticides were imported into Portugal; surging by 22% on the year before. The total import volume increased at an average annual rate of +4.3% 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 2020 when imports increased by 31%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, insecticide imports rose notably to $X in 2021. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +52.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of insecticide to Portugal, with a 72% share of total imports. Moreover, insecticide imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. France (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.7% per year) and France (+19.4% per year).

In value terms, Spain ($X), Germany ($X) and France ($X) were the largest insecticide suppliers to Portugal, with a combined 81% share of total imports. These countries were followed by Italy, which accounted for a further 4.8%.

Among the main suppliers, Italy, with a CAGR of +21.1%, recorded the highest growth rate of the value of imports, 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 insecticide import price amounted to $X per ton, declining by -12.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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