South Africa: Herbicide Market 2024

Herbicide Market Size in South Africa

In 2022, the South African herbicide market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Herbicide Production in South Africa

In value terms, herbicide production fell modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Herbicide Exports

Exports from South Africa

In 2022, exports of herbicides from South Africa contracted notably to X tons, reducing by X% compared with the year before. Over the period under review, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, herbicide exports shrank sharply to $X in 2022. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for herbicide exports from South Africa, with a X% share of total exports. Moreover, herbicide exports to Zambia exceeded the volume sent to the second major destination, Botswana (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zambia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Brazil (X% per year).

In value terms, the largest markets for herbicide exported from South Africa were Zambia ($X), Zimbabwe ($X) and Brazil ($X), together comprising X% of total exports. Malawi, Tanzania, Swaziland, Botswana, Belgium, Namibia, Peru, Latvia, Kenya and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Latvia, with a CAGR of X%, saw the highest growth rate of 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 herbicide export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price saw a mild descent. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 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 Zimbabwe ($X per ton), while the average price for exports to Kenya ($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 Swaziland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into South Africa

For the third consecutive year, South Africa recorded growth in overseas purchases of herbicides, which increased by X% to X tons in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, herbicide imports skyrocketed to $X in 2022. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Belgium (X tons) and India (X tons) were the main suppliers of herbicide imports to South Africa, together accounting for 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 India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and the United States ($X) constituted the largest herbicide suppliers to South Africa, with a combined X% share of total imports. France, Germany, India and Israel lagged somewhat behind, together comprising a further X%.

India, 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

In 2022, the average herbicide import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, 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 origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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