Philippines: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in the Philippines

The Philippine fungicide and bactericide market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a resilient 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, consumption increased by X% against 2018 indices. Fungicide and bactericide consumption peaked in 2022 and is likely to continue growth in the near future.

Fungicide And Bactericide Production in the Philippines

In value terms, fungicide and bactericide production soared to $X in 2022 estimated in export price. In general, production, however, saw a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of X%. Fungicide and bactericide production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Fungicide And Bactericide Exports

Exports from the Philippines

Fungicide and bactericide exports from the Philippines skyrocketed to X tons in 2022, rising by X% compared with 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fungicide and bactericide exports soared to $X in 2022. In general, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for fungicide and bactericide exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled X%.

In value terms, Belgium ($X) emerged as the key foreign market for fungicides, bactericides and seed treatments exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled X%.

Export Prices by Country

The average fungicide and bactericide export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to X% per year.

Fungicide And Bactericide Imports

Imports into the Philippines

In 2022, overseas purchases of fungicides, bactericides and seed treatments increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a remarkable increase from 2017 to 2022: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fungicide and bactericide imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2017 to 2022: its value increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of fungicide and bactericide to the Philippines, accounting for a X% share of total imports. Moreover, fungicide and bactericide imports from India exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of fungicides, bactericides and seed treatments to the Philippines, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

Import Prices by Country

The average fungicide and bactericide import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Australia ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2017 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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