MENA: Insecticide Market 2024

Insecticide Market Size in MENA

After two years of decline, the MENA's insecticide market increased by X% to $X in 2022. Overall, consumption enjoyed resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Insecticide Production in MENA

In value terms, insecticide production dropped to $X in 2022 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Insecticide Exports

Exports in MENA

For the third consecutive year, MENA recorded growth in overseas shipments of insecticides, which increased by X% to X tons in 2022. Total exports indicated resilient growth 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 2016 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, insecticide exports rose rapidly to $X in 2022. Over the period under review, exports showed a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Israel was the largest exporting country with an export of about X tons, which resulted at X% of total exports. Turkey (X tons) took the second position in the ranking, distantly followed by Jordan (X tons) and Oman (X tons). All these countries together held approx. X% share of total exports. The United Arab Emirates (X tons) and Egypt (X tons) held a relatively small share of total exports.

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

In value terms, Israel ($X) remains the largest insecticide supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, approximately mirroring the previous year. Export price indicated a noticeable expansion 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. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Insecticide Imports

Imports in MENA

In 2022, the amount of insecticides imported in MENA declined to X tons, shrinking by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, insecticide imports dropped to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Morocco (X tons), distantly followed by Turkey (X tons), Iraq (X tons), Egypt (X tons), Djibouti (X tons), Saudi Arabia (X tons) and Iran (X tons) represented the main importers of insecticides, together generating X% of total imports. The following importers - Algeria (X tons), Israel (X tons), Yemen (X tons), Libya (X tons), Tunisia (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

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

In value terms, Turkey ($X), Morocco ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Algeria, Saudi Arabia, Egypt, Djibouti, Iraq, Iran, Tunisia, the United Arab Emirates, Yemen and Libya lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Djibouti, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 MENA stood at $X per ton in 2022, surging 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 was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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