Western Africa: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Western Africa

In 2021, the West African fungicide and bactericide market decreased by -3.6% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then fell in the following year.

Fungicide And Bactericide Production in Western Africa

In value terms, fungicide and bactericide production shrank modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Fungicide And Bactericide Exports

Exports in Western Africa

After four years of growth, shipments abroad of fungicides, bactericides and seed treatments decreased by -7.7% to X tons in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 159%. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, fungicide and bactericide exports totaled $X in 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 104% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Cote d'Ivoire (X tons) and Nigeria (X tons) represented the main exporters of fungicides, bactericides and seed treatments in Western Africa, together creating 82% of total exports. It was distantly followed by Senegal (X tons), comprising a 16% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 95% of total exports.

Senegal, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the export price increased by 50%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+8.6%), while the other leaders experienced a decline in the export price figures.

Fungicide And Bactericide Imports

Imports in Western Africa

In 2021, approx. X tons of fungicides, bactericides and seed treatments were imported in Western Africa; waning by -24.4% on 2020. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, fungicide and bactericide imports shrank to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 71%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2021, Nigeria (X tons), Ghana (X tons) and Cote d'Ivoire (X tons) represented the major importer of fungicides, bactericides and seed treatments in Western Africa, constituting 91% of total import. Burkina Faso (X tons), Senegal (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports. Senegal, Burkina Faso and Guinea lagged somewhat behind, together comprising a further 5.9%.

In terms of the main importing countries, Burkina Faso, with a CAGR of +13.7%, recorded the highest rates of growth with regard to 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 import price in Western Africa amounted to $X per ton, picking up by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2014 an increase of 26% against the previous year. Over the period under review, import prices reached the peak figure 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 Ghana ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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