ECOWAS: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in ECOWAS

The ECOWAS fungicide and bactericide market fell to $X in 2022, shrinking by X% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fungicide And Bactericide Production in ECOWAS

In value terms, fungicide and bactericide production declined slightly to $X in 2022 estimated in export price. The total production indicated a noticeable increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Fungicide And Bactericide Exports

Exports in ECOWAS

After two years of growth, overseas shipments of fungicides, bactericides and seed treatments decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, fungicide and bactericide exports dropped remarkably to $X in 2022. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) prevails in exports structure, together committing X% of total exports. It was distantly followed by Burkina Faso (X tons), making up a X% share of total exports. The following exporters - Senegal (X tons) and Benin (X tons) - each amounted to an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Benin and Burkina Faso lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Fungicide And Bactericide Imports

Imports in ECOWAS

In 2022, approx. X tons of fungicides, bactericides and seed treatments were imported in ECOWAS; shrinking by X% on the previous year. Overall, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fungicide and bactericide imports contracted to $X in 2022. Over the period under review, imports saw a mild decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X tons) and Cote d'Ivoire (X tons) were the largest importers of fungicides, bactericides and seed treatments in ECOWAS, together constituting X% of total imports. It was distantly followed by Nigeria (X tons), mixing up a X% share of total imports. Senegal (X tons), Burkina Faso (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Ghana ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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