IndexBox has just published a new report: ‘Brazil – Insecticides – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
Insecticide imports into Brazil increased by +25% y-o-y to 99K tonnes. In value terms, they reached nearly $1.5B. Brazil remains the world’s largest importer of insecticides, accounting for 9% of global import volume. Argentina, India and China supplied approximately 72% of the total insecticide volume imported into Brazil. China featured the highest increase in the volume of supplies to the country. In 2020, the average insecticide import price fell by -13.4% y-o-y to $15,161 per tonne.
Insecticide Imports into Brazil
In 2020, insecticide imports into Brazil skyrocketed to 99K tonnes, rising by +25% against 2019. In value terms, insecticide imports expanded sharply by +8.1% y-o-y to $1.5B (IndexBox estimates) in 2020. Brazil remains the world’s largest importer of insecticides, accounting for 9% of global import volume.
Argentina (35K tonnes), India (21K tonnes) and China (15K tonnes) were the main suppliers of insecticide imports to Brazil, together comprising 72% of total imports.
In 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+37.5% y-o-y). Brazilian purchases from Argentina and India rose by +9.3% y-o-y and +11.3% y-o-y, respectively.
In value terms, the U.S. ($510M), India ($321M) and Israel ($184M) were the largest insecticide suppliers to Brazil, with a combined 68% share of total imports. China, Singapore and Argentina lagged somewhat behind, together accounting for a further 25%.
In 2020, the average insecticide import price in Brazil amounted to $15,161 per tonne, waning by -13.4% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Singapore ($80,331 per tonne), while the price for Argentina ($2,582 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform