Canada: Insecticide Market 2024

Insecticide Market Size in Canada

The Canadian insecticide market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Insecticide Production in Canada

In value terms, insecticide production stood at $X in 2022 estimated in export price. In general, production posted a noticeable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Insecticide production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Insecticide Exports

Exports from Canada

In 2022, after two years of growth, there was significant decline in shipments abroad of insecticides, when their volume decreased by X% to X tons. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped notably in the following year.

In value terms, insecticide exports shrank to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X tons) was the main destination for insecticide exports from Canada, accounting for a X% share of total exports. It was followed by Ireland (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for insecticides exports from Canada, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

In 2022, the average insecticide export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a modest increase 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, insecticide export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Insecticide Imports

Imports into Canada

In 2022, approx. X tons of insecticides were imported into Canada; with an increase of X% on the previous year's figure. In general, total imports indicated buoyant growth 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 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, insecticide imports surged to $X in 2022. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of insecticide to Canada, accounting for a X% share of total imports. Moreover, insecticide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average insecticide import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a buoyant increase 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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