Slovakia: Insecticide Market 2024

Insecticide Market Size in Slovakia

In 2021, the Slovak insecticide market decreased by -5.3% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.0% against 2019 indices. Insecticide consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Insecticide Exports

Exports from Slovakia

Insecticide exports from Slovakia skyrocketed to X tons in 2021, rising by 270% against the previous year. Over the period under review, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, insecticide exports skyrocketed to $X in 2021. Overall, exports recorded mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for insecticide exports from Slovakia, accounting for a 74% share of total exports. Moreover, insecticide exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. Austria (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +91.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+5.5% per year) and Austria (+67.3% per year).

In value terms, Hungary ($X) remains the key foreign market for insecticides exports from Slovakia, comprising 83% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.1% share of total exports. It was followed by Poland, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary stood at +80.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-5.5% per year) and Poland (-25.5% per year).

Export Prices by Country

The average insecticide export price stood at $X per ton in 2021, with an increase of 53% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 116%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($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 Slovenia (+18.8%), while the prices for the other major destinations experienced a decline.

Insecticide Imports

Imports into Slovakia

In 2021, imports of insecticides into Slovakia rose notably to X tons, increasing by 8.3% against 2020. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 -1.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 24%. Imports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, insecticide imports shrank slightly to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% 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 -9.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), the Czech Republic (X tons) and Poland (X tons) were the main suppliers of insecticide imports to Slovakia, with a combined 75% share of total imports. These countries were followed by Hungary, Germany, Belgium, Italy and France, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +117.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest insecticide suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Spain ($X), together comprising 62% of total imports. These countries were followed by Germany, Hungary, Italy, Belgium and France, which together accounted for a further 27%.

Among the main suppliers, Hungary, with a CAGR of +124.7%, 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, waning by -8.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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