MERCOSUR: Herbicide Market 2024

Herbicide Market Size in MERCOSUR

For the third year in a row, the MERCOSUR herbicide market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Herbicide Production in MERCOSUR

In value terms, herbicide production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Herbicide Exports

Exports in MERCOSUR

In 2022, shipments abroad of herbicides increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, herbicide exports surged to $X in 2022. Total exports indicated a mild expansion 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Argentina (X tons) was the major exporter of herbicides, constituting X% of total exports. It was distantly followed by Colombia (X tons), Paraguay (X tons) and Brazil (X tons), together generating a X% share of total exports. The following exporters - Uruguay (X tons) and Ecuador (X tons) - each reached a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Paraguay (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X), Paraguay ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Paraguay, with a CAGR of X%, 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 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Export price indicated strong 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. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Herbicide Imports

Imports in MERCOSUR

In 2022, overseas purchases of herbicides increased by X% to X tons, rising for the seventh consecutive year after two years of decline. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, herbicide imports surged to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil dominates imports structure, recording X tons, which was near X% of total imports in 2022. Argentina (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Uruguay (X%). Paraguay (X tons), Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the herbicides imports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%), Chile (X%), Paraguay (X%), Peru (X%) and Argentina (X%) displayed positive paces of growth. Uruguay experienced a relatively flat trend pattern. Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Peru, Chile, Paraguay, Uruguay and Argentina saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported herbicides in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with an X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Brazil ($X per ton) and Paraguay ($X per ton), while Colombia ($X per ton) and Peru ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :