Eastern Europe: Herbicide Market 2024

Herbicide Market Size in Eastern Europe

In 2022, the East European herbicide market increased by X% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a buoyant increase 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 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Herbicide Production in Eastern Europe

In value terms, herbicide production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Herbicide Exports

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in overseas shipments of herbicides, which increased by X% to X tons in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, herbicide exports surged to $X in 2022. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons) and Hungary (X tons) were the largest exporters of herbicides in 2022, finishing at approx. X% and X% of total exports, respectively. Russia (X tons) held the next position in the ranking, followed by Belarus (X tons) and Romania (X tons). All these countries together took near X% share of total exports. The following exporters - the Czech Republic (X tons) and Bulgaria (X tons) - each reached a X% share of total exports.

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

In value terms, Hungary ($X), Poland ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Belarus, Romania, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Romania, with a CAGR of X%, recorded 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

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Hungary ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Herbicide Imports

Imports in Eastern Europe

In 2022, overseas purchases of herbicides increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, herbicide imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of herbicide imports in 2022 were Ukraine (X tons), Russia (X tons) and Poland (X tons), together finishing at X% of total import. Romania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%), Bulgaria (X%), Lithuania (X%) and the Czech Republic (X%).

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

In value terms, Ukraine ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Romania, Hungary, Lithuania, Bulgaria and the Czech Republic lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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