MERCOSUR: Insecticide Market 2024

Insecticide Market Size in MERCOSUR

In 2022, the MERCOSUR insecticide market increased by X% to $X, rising for the sixth year in a row after two years of decline. In general, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Insecticide Production in MERCOSUR

In value terms, insecticide production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Insecticide Exports

Exports in MERCOSUR

In 2022, shipments abroad of insecticides decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports showed a slight setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, insecticide exports skyrocketed to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina was the major exporting country with an export of about X tons, which accounted for X% of total exports. Brazil (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%). Paraguay (X tons), Uruguay (X tons) and Peru (X tons) took a minor share of total exports.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of insecticides. At the same time, Paraguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Peru (X%) and Uruguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Argentina and Paraguay increased by X, X and X percentage points, respectively.

In value terms, the largest insecticide supplying countries in MERCOSUR were Argentina ($X), Colombia ($X) and Brazil ($X), together comprising X% of total exports. Paraguay, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

Paraguay, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The export price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached 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 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Insecticide Imports

Imports in MERCOSUR

In 2022, after five years of growth, there was decline in supplies from abroad of insecticides, when their volume decreased by X% to X tons. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, insecticide imports soared to $X in 2022. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Brazil dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Colombia (X tons) took the second position in the ranking, followed by Peru (X tons) and Chile (X tons). All these countries together took near X% share of total imports. The following importers - Argentina (X tons), Paraguay (X tons) and Ecuador (X tons) - together made up X% of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Paraguay, Ecuador and Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported insecticides in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, insecticide imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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