Report Update Nov 1, 2024

Puerto Rico - Herbicides - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Herbicide Market 2024

Herbicide Market Size in Puerto Rico

The Puerto Rican herbicide market reduced modestly to $X in 2021, waning by -3.1% against the previous year. In general, consumption continues to indicate a perceptible reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Herbicide Production in Puerto Rico

In value terms, herbicide production shrank modestly to $X in 2021 estimated in export price. In general, production saw a noticeable descent. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Herbicide Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of herbicides were exported from Puerto Rico; remaining relatively unchanged against the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, herbicide exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 53% of total exports in 2021. The United States (X tons) ranks second in terms of the total exports with a 7% share, followed by India (6.7%) and Belgium (5.3%). France (X tons), Germany (X tons), Malaysia (X tons), the UK (X tons), Israel (X tons), Ireland (X tons) and Argentina (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to herbicide exports from China stood at +9.8%. At the same time, India (+19.6%), Ireland (+9.8%), Malaysia (+9.8%) and the UK (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.6% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, the United States (-1.1%), Belgium (-2.6%), France (-2.7%), Israel (-4.5%) and Argentina (-12.7%) illustrated a downward trend over the same period. China (+17 p.p.) and India (+4.6 p.p.) significantly strengthened its position in terms of the global exports, while Germany, Israel, Argentina, France, the United States and Belgium saw its share reduced by -1.7%, -2.2%, -2.5%, -3.8%, -5.1% and -5.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest herbicide supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was held by India ($X), with an 11% share of global exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +12.5%. In the other countries, the average annual rates were as follows: India (+24.8% per year) and the United States (+1.3% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

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 Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.5%), while the other leaders experienced more modest paces of growth.

Herbicide Imports

Imports into Puerto Rico

In 2021, herbicide imports into Puerto Rico was estimated at less than X kg, approximately reflecting the previous year. In general, imports showed a relatively flat trend pattern.

In value terms, herbicide imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

Australia (X tons), Brazil (X tons), Canada (X tons) and Nigeria (X tons) represented roughly 29% of total imports in 2021. Thailand (X tons), the United States (X tons), Ukraine (X tons), France (X tons), Ghana (X tons), Germany (X tons), India (X tons), Argentina (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Canada ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 22% of total imports. France, Germany, Ukraine, the United States, India, Nigeria, Argentina, Indonesia and Ghana lagged somewhat behind, together comprising a further 25%.

In terms of the main importing countries, India, with a CAGR of +14.8%, saw the highest rates of growth with regard to 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 import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herbicides in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together accounting for 32% of global consumption. Japan, Brazil, Australia, Canada, Nigeria, Indonesia, France, Ukraine, South Africa and Thailand lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of herbicides in the world?

China remains the largest herbicide producing country worldwide, accounting for 44% of total volume. Moreover, herbicide production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 7.8% share.

What are the leading suppliers of herbicides to Puerto Rico?

In value terms, the largest herbicide importing markets into Puerto Rico were Brazil, Canada and Australia, with a combined 23% share of total imports.

What are the leading importers of herbicides from Puerto Rico?

In value terms, China remains the largest herbicide supplier from Puerto Rico, comprising 30% of global exports. The second position in the ranking was occupied by the United States, with a 12% share of global exports. It was followed by France, with an 11% share.

What is the average export price for herbicides in Puerto Rico?

The export price in Puerto Rico stood at $less than 0.1 per ton in 2021, approximately reflecting the previous year.

What is the average import price for herbicides in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to $less than 0.1 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the herbicide market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023