Estonia: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Estonia

The Estonian fungicide and bactericide market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded resilient growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Fungicide And Bactericide Production in Estonia

In value terms, fungicide and bactericide production fell significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then fell markedly in the following year.

Fungicide And Bactericide Exports

Exports from Estonia

For the third consecutive year, Estonia recorded growth in shipments abroad of fungicides, bactericides and seed treatments, which increased by X% to X tons in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, fungicide and bactericide exports declined slightly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

Spain (X tons) was the main destination for fungicide and bactericide exports from Estonia, with a X% share of total exports. Moreover, fungicide and bactericide exports to Spain exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was taken by Finland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Finland (X% per year).

In value terms, Spain ($X) remains the key foreign market for fungicides, bactericides and seed treatments exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average fungicide and bactericide export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 Finland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fungicide And Bactericide Imports

Imports into Estonia

In 2022, the amount of fungicides, bactericides and seed treatments imported into Estonia shrank to X tons, with a decrease of X% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, fungicide and bactericide imports rose rapidly to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Denmark (X tons), Poland (X tons) and Finland (X tons) were the main suppliers of fungicide and bactericide imports to Estonia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Denmark ($X) and Lithuania ($X) constituted the largest fungicide and bactericide suppliers to Estonia, with a combined X% share of total imports. Finland, Austria, the UK, Latvia, the Netherlands, Germany, Spain, France and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Austria, with a CAGR of X%, 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 2022, the average fungicide and bactericide import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a remarkable 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, fungicide and bactericide import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 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 the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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