Romania: Insecticide Market 2024

Insecticide Market Size in Romania

The Romanian insecticide market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption saw a resilient increase. Insecticide consumption peaked in 2022 and is expected to retain growth in the immediate term.

Insecticide Production in Romania

In value terms, insecticide production plummeted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021, and then reduced sharply in the following year.

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Insecticide Exports

Exports from Romania

After four years of growth, shipments abroad of insecticides decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, insecticide exports dropped to $X in 2022. In general, exports, however, recorded a strong 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 reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Moldova (X tons), Italy (X tons) and Spain (X tons) were the main destinations of insecticide exports from Romania, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for insecticide exported from Romania were Poland ($X), Moldova ($X) and Bulgaria ($X), with a combined X% share of total exports. Spain, Hungary, Germany and Italy lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average insecticide export price stood at $X per ton in 2022, with an increase of 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 decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Insecticide Imports

Imports into Romania

In 2022, approx. X tons of insecticides were imported into Romania; picking up by X% on 2021 figures. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, insecticide imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of insecticide imports to Romania, together comprising X% of total imports. Italy, Poland, Greece, Austria, Germany, Belgium, Spain and Israel lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest insecticide suppliers to Romania were France ($X), Austria ($X) and Germany ($X), with a combined X% share of total imports. Poland, Belgium, Italy, Israel, the Netherlands, Turkey, Spain and Greece lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average insecticide import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. 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 Austria ($X per ton), while the price for Turkey ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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