MERCOSUR: Pesticide Market 2024

Pesticide Market Size in MERCOSUR

In 2022, the MERCOSUR pesticide market increased by X% to $X, rising for the sixth consecutive year after two years of decline. The total consumption indicated a remarkable 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, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pesticide Production in MERCOSUR

In value terms, pesticide production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pesticide Exports

Exports in MERCOSUR

In 2022, after four years of growth, there was decline in shipments abroad of pesticides, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pesticide exports surged to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Argentina (X tons) and Colombia (X tons) represented roughly X% of total exports in 2022. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Chile (X%) and Paraguay (X%). The following exporters - Peru (X tons) and Uruguay (X tons) - together made up X% of total exports.

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

In value terms, Colombia ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Paraguay, Chile, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Paraguay, 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

The export price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Peru ($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.

Pesticide Imports

Imports in MERCOSUR

For the seventh consecutive year, MERCOSUR recorded growth in supplies from abroad of pesticides, which increased by X% to X tons in 2022. Total imports indicated a remarkable increase 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 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pesticide imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Argentina (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Chile (X%) and Ecuador (X%). The following importers - Peru (X tons) and Paraguay (X tons) - each recorded an X% share of total imports.

Brazil was also the fastest-growing in terms of the pesticides imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%), Peru (X%), Ecuador (X%), Chile (X%), Paraguay (X%) and Argentina (X%) displayed positive paces of growth. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador, Paraguay, Chile and Argentina saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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