Scandinavia: Insecticide Market 2024

Insecticide Market Size in Scandinavia

The Scandinavia insecticide market rose remarkably to $X in 2021, surging by 11% against the previous year. In general, consumption recorded a buoyant increase. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Insecticide Production in Scandinavia

In value terms, insecticide production soared to $X in 2021 estimated in export price. In general, production posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 66%. The level of production peaked in 2021 and is expected to retain growth in years to come.

Insecticide Exports

Exports in Scandinavia

In 2021, exports of insecticides in Scandinavia was estimated at X tons, surging by 5.8% on 2020. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 +2.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, insecticide exports soared to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden dominates exports structure, reaching X tons, which was approx. 90% of total exports in 2021. Finland (X tons) held the second position in the ranking, followed by Norway (X tons). All these countries together held near 9.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to insecticide exports from Sweden stood at +7.2%. At the same time, Norway (+34.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +34.8% from 2012-2021. Finland experienced a relatively flat trend pattern. From 2012 to 2021, the share of Norway increased by +4.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest insecticide supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main exporting countries, Norway, with a CAGR of +65.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 127% against the previous year. In general, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+22.8%), while the other leaders experienced mixed trends in the export price figures.

Insecticide Imports

Imports in Scandinavia

In 2021, overseas purchases of insecticides increased by 9.2% to X tons, rising for the third year in a row after five years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 33%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, insecticide imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Sweden was the largest importing country with an import of around X tons, which reached 47% of total imports. Norway (X tons) took the second position in the ranking, followed by Finland (X tons). All these countries together took approx. 53% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +8.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest insecticide importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Norway, with a CAGR of +4.5%, 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

The import price in Scandinavia stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2015 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform