Middle East: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in the Middle East

In 2022, the Middle Eastern fungicide and bactericide market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a measured expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Fungicide And Bactericide Production in the Middle East

In value terms, fungicide and bactericide production contracted to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Fungicide And Bactericide Exports

Exports in the Middle East

In 2022, the amount of fungicides, bactericides and seed treatments exported in the Middle East rose notably to X tons, increasing by X% against the previous year. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, fungicide and bactericide exports reached $X in 2022. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Israel represented the largest exporter of fungicides, bactericides and seed treatments in the Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), mixing up a X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fungicide and bactericide exports from Israel stood at X%. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Israel ($X) remains the largest fungicide and bactericide supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports.

In Israel, fungicide and bactericide exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the export price figures.

Fungicide And Bactericide Imports

Imports in the Middle East

After two years of growth, purchases abroad of fungicides, bactericides and seed treatments decreased by X% to X tons in 2022. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, fungicide and bactericide imports dropped 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 in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Turkey dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), Iran (X tons), Israel (X tons) and the United Arab Emirates (X tons), together creating a X% share of total imports. The following importers - Lebanon (X tons) and Iraq (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fungicide and bactericide imports into Turkey stood at X%. At the same time, the United Arab Emirates (X%), Iraq (X%), Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, Lebanon (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Iran (X p.p.), Saudi Arabia (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) and Lebanon (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported fungicides, bactericides and seed treatments in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, fungicide and bactericide imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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