SADC: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in SADC

The SADC fungicide and bactericide market was estimated at $X in 2021, surging by 2% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% 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 +108.2% against 2013 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Fungicide And Bactericide Production in SADC

In value terms, fungicide and bactericide production contracted modestly to $X in 2021 estimated in export price. In general, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 28%. Over the period under review, production hit record highs at $X in 2020, and then contracted modestly in the following year.

Fungicide And Bactericide Exports

Exports in SADC

In 2021, fungicide and bactericide exports in SADC expanded significantly to X tons, increasing by 14% against the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fungicide and bactericide exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 40% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The shipments of the one major exporters of fungicides, bactericides and seed treatments, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the fungicides, bactericides and seed treatments exports, with a CAGR of +9.5% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +11 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest fungicide and bactericide supplier in SADC.

In South Africa, fungicide and bactericide exports expanded at an average annual rate of +12.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, with an increase of 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +2.5% per year.

Fungicide And Bactericide Imports

Imports in SADC

In 2021, fungicide and bactericide imports in SADC amounted to X tons, increasing by 8.7% against 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% 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 decreased by -7.2% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 31%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, fungicide and bactericide imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 +47.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 32%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

South Africa (X tons) and Tanzania (X tons) prevails in imports structure, together constituting 75% of total imports. Angola (X tons) ranks next in terms of the total imports with a 7.3% share, followed by Zambia (4.6%). Zimbabwe (X tons), Mozambique (X tons) and Malawi (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in SADC, comprising 61% of total imports. The second position in the ranking was taken by Tanzania ($X), with an 18% share of total imports. It was followed by Zambia, with a 5.8% share.

In South Africa, fungicide and bactericide imports expanded at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tanzania (+11.2% per year) and Zambia (+10.8% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the import price increased by 29%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform