Sudan: Insecticide Market 2024

Insecticide Market Size in Sudan

The Sudanese insecticide market surged to $X in 2021, growing by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a moderate increase. Insecticide consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Insecticide Exports

Exports from Sudan

In 2021, shipments abroad of insecticides increased by 51% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 250% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, insecticide exports surged to $X in 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for insecticide exports from Sudan, with a 87% share of total exports. Moreover, insecticide exports to Singapore exceeded the volume sent to the second major destination, Uzbekistan (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and the United Arab Emirates (-29.8% per year).

In value terms, the largest markets for insecticide exported from Sudan were Uzbekistan ($X), Singapore ($X) and the United Arab Emirates ($X), together accounting for 99.9% of total exports.

Uzbekistan, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average insecticide export price stood at $X per ton in 2021, growing by 164% against the previous year. Overall, the export price showed a resilient 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 for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (-3.2%).

Insecticide Imports

Imports into Sudan

Insecticide imports into Sudan skyrocketed to X tons in 2021, rising by 39% against the previous year's figure. Overall, imports recorded a tangible expansion. The growth pace was the most rapid in 2018 when imports increased by 113%. Imports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, insecticide imports surged to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 74%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main suppliers of insecticide imports to Sudan, with a combined 74% share of total imports. These countries were followed by China, France, Turkey, Malaysia, Singapore, Jordan, the Netherlands, Indonesia, Germany and Spain, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest insecticide suppliers to Sudan were India ($X), the United Arab Emirates ($X) and France ($X), with a combined 58% share of total imports. These countries were followed by Turkey, China, Egypt, Singapore, the Netherlands, Jordan, Germany, Spain, Malaysia and Indonesia, which together accounted for a further 26%.

Malaysia, with a CAGR of +22.0%, recorded the highest growth rate of the value of imports, among the main suppliers 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, falling by -6.9% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, insecticide import price increased by +4.5% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 94% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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