
France - Herbicides - Market Analysis, Forecast, Size, Trends and Insights
France's Herbicide Price Soars 17%, Averaging $15.6 per kg
France Herbicide Export Price in November 2022
In November 2022, the herbicide price stood at $15.6 per kg (FOB, France), surging by 17% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 32% against the previous month. Over the period under review, the average export prices hit record highs at $24.1 per kg in September 2022; however, from October 2022 to November 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2022, the country with the highest price was Ukraine ($34.2 per kg), while the average price for exports to Belgium ($9.7 per kg) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
France Herbicide Exports
Herbicide exports from France was estimated at 6.1K tons in November 2022, growing by 4.8% on the previous month. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in September 2022 with an increase of 54% against the previous month. The exports peaked at 13K tons in March 2022; however, from April 2022 to November 2022, the exports stood at a somewhat lower figure.
In value terms, herbicide exports skyrocketed to $96M (IndexBox estimates) in November 2022. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in September 2022 when exports increased by 88% against the previous month. The exports peaked at 190K tons in March 2022; however, from April 2022 to November 2022, the exports remained at a lower figure.
France Herbicide Exports by Country
Romania (786 tons), Turkey (730 tons) and Italy (579 tons) were the main destinations of herbicide exports from France, together comprising 34% of total exports. These countries were followed by the Netherlands, the UK, Belgium, Germany, Spain, Denmark, Hungary, Serbia, Poland and Ukraine, which together accounted for a further 54%.
From January 2022 to November 2022, the biggest increases were in the Netherlands (with a CAGR of +5.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Turkey ($13M), Romania ($13M) and Italy ($8.7M) constituted the largest markets for herbicide exported from France worldwide, with a combined 36% share of total exports.
Among the main countries of destination, Turkey, with a CAGR of +15.4%, recorded 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.
Factors Affecting Herbicide Prices
The main factor behind the rising price of herbicides in France is the cost of raw materials. The price of crude oil, one of the main ingredients in most herbicides, has increased strongly over the past years. This increase has been passed on to consumers in the form of higher prices for herbicides.
In addition to the cost of raw materials, the cost of energy and transport has also risen in recent years. These increases have also been passed on to consumers through higher prices for herbicides.
Herbicide prices are a major concern for French farmers, as they are one of the largest expenses in their production costs. The price increases have put pressure on margins and profitability. In order to offset these costs, farmers have been forced to increase their use of other inputs, such as fertilizers and pesticides.
This report provides an in-depth analysis of the herbicide market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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