Argentina: Herbicide Market 2024

Herbicide Market Size in Argentina

In 2022, the Argentinian herbicide market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated resilient 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. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Herbicide Production in Argentina

In value terms, herbicide production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Herbicide production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Herbicide Exports

Exports from Argentina

In 2022, overseas shipments of herbicides increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, herbicide exports surged to $X in 2022. Over the period under review, exports, however, showed a pronounced downturn. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons), Brazil (X tons) and Uruguay (X tons) were the main destinations of herbicide exports from Argentina, with a combined X% share of total exports.

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

In value terms, Uruguay ($X), Paraguay ($X) and Bolivia ($X) appeared to be the largest markets for herbicide exported from Argentina worldwide, with a combined X% share of total exports.

Among the main countries of destination, Bolivia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average herbicide export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price 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, herbicide export price increased by X% against 2016 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into Argentina

In 2022, the amount of herbicides imported into Argentina skyrocketed to X tons, with an increase of X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, herbicide imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of herbicide to Argentina, accounting for a X% share of total imports. Moreover, herbicide imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was taken by Israel (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Israel (X% per year).

In value terms, China ($X) constituted the largest supplier of herbicides to Argentina, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average herbicide import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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