Global Herbicide Market 2024

Herbicide Market Size

In 2022, the global herbicide market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Herbicide Production

In value terms, herbicide production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Herbicide Exports

Exports

In 2022, overseas shipments of herbicides increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, total exports indicated a resilient increase 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, herbicide exports soared to $X in 2022. Overall, total exports indicated a prominent 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 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the United States (X tons), India (X tons) and Belgium (X tons), together mixing up a X% share of total exports. France (X tons), Germany (X tons), Israel (X tons) and Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to herbicide exports from China stood at X%. At the same time, India (X%), Malaysia (X%) and Germany (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Israel and the United States experienced a relatively flat trend pattern. By contrast, Belgium (X%) and France (X%) illustrated a downward trend over the same period. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global exports, while France, the United States and Belgium saw its share reduced by 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, China ($X) remains the largest herbicide supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by India ($X), with an X% share of global exports. It was followed by the United States, with a X% share.

In China, herbicide exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average herbicide export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export 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 suppliers, the country with the highest price was France ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Herbicide Imports

Imports

In 2022, overseas purchases of herbicides increased by X% to X tons, rising for the third year in a row after two years of decline. 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 in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, herbicide imports surged to $X in 2022. In general, total imports 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons), distantly followed by Australia (X tons), Canada (X tons) and Nigeria (X tons) represented the key importers of herbicides, together comprising X% of total imports. The United States (X tons), Thailand (X tons), France (X tons), Ghana (X tons), Argentina (X tons), Germany (X tons), Ukraine (X tons), South Africa (X tons) and the UK (X tons) took a little share of total imports.

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, the United States (X%), Australia (X%), South Africa (X%), Nigeria (X%), the UK (X%), Canada (X%), Argentina (X%) and Ghana (X%) displayed positive paces of growth. France, Germany and Ukraine experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the global imports, while Germany, Ukraine, France, Canada and Thailand 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 ($X) constitutes the largest market for imported herbicides worldwide, comprising X% of global imports. The second position in the ranking was held by Canada ($X), with a X% share of global imports. It was followed by Australia, 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: Canada (X% per year) and Australia (X% per year).

Import Prices by Country

The average herbicide import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained 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 Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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