Southern Asia: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Southern Asia

After two years of growth, the South Asian fungicide and bactericide market decreased by -12.6% to $X in 2021. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 +48.8% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Fungicide And Bactericide Production in Southern Asia

In value terms, fungicide and bactericide production reduced to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value 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, production increased by +85.0% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2020, and then dropped in the following year.

Fungicide And Bactericide Exports

Exports in Southern Asia

In 2021, approx. X tons of fungicides, bactericides and seed treatments were exported in Southern Asia; jumping by 18% on 2020 figures. Overall, exports showed a strong increase. The growth pace was the most rapid in 2015 when exports increased by 40% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, fungicide and bactericide exports surged to $X in 2021. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together amounting to 100% of total export.

India was also the fastest-growing in terms of the fungicides, bactericides and seed treatments exports, with a CAGR of +16.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest fungicide and bactericide supplier in Southern Asia.

In India, fungicide and bactericide exports increased at an average annual rate of +14.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with an increase of 8.2% against the previous year. In general, the export price, however, showed a mild shrinkage. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -1.7% per year.

Fungicide And Bactericide Imports

Imports in Southern Asia

In 2021, fungicide and bactericide imports in Southern Asia fell slightly to X tons, which is down by -4.3% on the previous year's figure. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 43%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fungicide and bactericide imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Bangladesh (X tons) was the key importer of fungicides, bactericides and seed treatments, comprising 50% of total imports. India (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons). All these countries together took near 45% share of total imports. The following importers - Sri Lanka (X tons) and Nepal (X tons) - each recorded a 4.6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in Southern Asia, comprising 64% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 24% share of total imports. It was followed by Pakistan, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +23.2%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+12.6% per year) and Pakistan (+10.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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