Venezuela: Fungicide And Bactericide Market 2024

Fungicide And Bactericide Market Size in Venezuela

The Venezuelan fungicide and bactericide market contracted notably to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a precipitous contraction. Fungicide and bactericide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fungicide And Bactericide Exports

Exports from Venezuela

After four years of growth, overseas shipments of fungicides, bactericides and seed treatments decreased by X% to X tons in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fungicide and bactericide exports fell rapidly to $X in 2022. Overall, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons) was the main destination for fungicide and bactericide exports from Venezuela, with a X% share of total exports. Moreover, fungicide and bactericide exports to Panama exceeded the volume sent to the second major destination, El Salvador (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama totaled X%.

In value terms, Panama ($X) emerged as the key foreign market for fungicides, bactericides and seed treatments exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by El Salvador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled X%.

Export Prices by Country

The average fungicide and bactericide export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to El Salvador stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fungicide And Bactericide Imports

Imports into Venezuela

In 2022, the amount of fungicides, bactericides and seed treatments imported into Venezuela reduced sharply to X tons, with a decrease of X% on the previous year's figure. Overall, imports faced a significant curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fungicide and bactericide imports reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a sharp downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Colombia (X tons) and India (X tons) were the main suppliers of fungicide and bactericide imports to Venezuela, together accounting for X% of total imports. Israel, Italy, France, Guatemala, Mexico, Belgium, Brazil, Spain and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of fungicides, bactericides and seed treatments to Venezuela, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average fungicide and bactericide import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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