Asia: Pesticide Market 2022

Pesticide Market Size in Asia

For the eleventh consecutive year, the Asian pesticide market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption continues to indicate resilient growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in years to come.

Pesticide Production in Asia

In value terms, pesticide production amounted to $X in 2020 estimated in export prices. Over the period under review, production recorded prominent growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in Asia

The country with the largest volume of pesticide production was China (X tonnes), accounting for X% of total volume. Moreover, pesticide production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), threefold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

In China, pesticide production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and Japan (+X% per year).

Pesticide Exports

Exports in Asia

In 2020, after two years of decline, there was significant growth in overseas shipments of pesticides, when their volume increased by X% to X tonnes. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, pesticide exports expanded markedly to $X in 2020. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of export peaked in 2020 and is likely to see gradual growth in the near future.

Exports by Country

China represented the major exporter of pesticides in Asia, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by India (X tonnes), achieving a X% share of total exports. The following exporters - Malaysia (X tonnes), Israel (X tonnes), Turkey (X tonnes), Indonesia (X tonnes), Thailand (X tonnes) and Singapore (X tonnes) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to pesticide exports from China stood at +X%. At the same time, Israel (+X%), Turkey (+X%), India (+X%), Thailand (+X%), Indonesia (+X%), Malaysia (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of India, China and Israel increased by +X%, +X% and +X% percentage points, while Thailand (-X p.p.), Indonesia (-X p.p.), Singapore (-X p.p.) and Malaysia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pesticide supplying countries in Asia were China ($X), India ($X) and Israel ($X), together comprising X% of total exports.

Israel (+X% per year) 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

In 2020, the pesticide export price in Asia amounted to $X per tonne, standing approx. at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Pesticide Imports

Imports in Asia

In 2020, after two years of decline, there was significant growth in purchases abroad of pesticides, when their volume increased by X% to X tonnes. Overall, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pesticide imports soared to $X in 2020. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of pesticides, namely Japan, India, Thailand, Indonesia, China, the Philippines, Vietnam, Bangladesh, Myanmar, Hong Kong SAR, Turkey and Malaysia, represented more than two-thirds of total import. Taiwan (Chinese) (X tonnes) held a minor share of total imports.

From 2007 to 2020, the biggest increases were in Myanmar, while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports. These countries were followed by Vietnam, Thailand, Indonesia, Turkey, the Philippines, Bangladesh, Taiwan (Chinese), Malaysia, Myanmar and Hong Kong SAR, which together accounted for a further X terms of the main importing countries, Myanmar saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the pesticide import price in Asia amounted to $X per tonne, which is down by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform