GCC's Fungicides, Bactericides, and Seed Treatments Market to Expand with CAGR of +1.3% by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: GCC - Inorganic Fungicides, Bactericides And Seed Treatments - Market Analysis, Forecast, Size, Trends And Insights.

Driven by increasing demand, the GCC market for fungicides, bactericides, and seed treatments is expected to see continued growth. By 2035, the market volume is forecasted to reach 22K tons and the market value to reach $233M. With an anticipated CAGR of +1.3% for volume and +2.4% for value, the market is poised for steady expansion.

Driven by increasing demand for fungicides, bactericides and seed treatments in GCC, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 22K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2024 to 2035, which is projected to bring the market value to $233M (in nominal wholesale prices) by the end of 2035.

In 2024, fungicide and bactericide consumption in GCC rose markedly to 19K tons, picking up by 12% against 2023. The total consumption volume increased at an average annual rate of +4.1% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The revenue of the fungicide and bactericide market in GCC soared to $179M in 2024, increasing by 21% 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). The market value increased at an average annual rate of +5.4% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of consumption in 2024 were the United Arab Emirates (7.1K tons), Oman (4.9K tons) and Kuwait (3.4K tons), together comprising 80% of total consumption. Saudi Arabia and Bahrain lagged somewhat behind, together comprising a further 20%.

From 2013 to 2024, the biggest increases were recorded for Saudi Arabia (with a CAGR of +10.5%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest fungicide and bactericide markets in GCC were Oman ($58M), the United Arab Emirates ($51M) and Kuwait ($40M), together accounting for 83% of the total market.

Kuwait, with a CAGR of +7.4%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of fungicide and bactericide per capita consumption in 2024 were Oman (896 kg per 1000 persons), Kuwait (760 kg per 1000 persons) and Bahrain (709 kg per 1000 persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Saudi Arabia (with a CAGR of +8.3%), while consumption for the other leaders experienced more modest paces of growth.

After two years of decline, production of fungicides, bactericides and seed treatments increased by 11% to 15K tons in 2024. The total output volume increased at an average annual rate of +2.5% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, production reached the peak volume in 2024 and is likely to see steady growth in the immediate term.

In value terms, fungicide and bactericide production skyrocketed to $159M in 2024 estimated in export price. The total output value increased at an average annual rate of +5.1% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of production in 2024 were the United Arab Emirates (5.7K tons), Oman (4.9K tons) and Kuwait (3.4K tons), with a combined 92% share of total production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Kuwait (with a CAGR of +5.5%), while production for the other leaders experienced more modest paces of growth.

In 2024, fungicide and bactericide imports in GCC surged to 4.8K tons, increasing by 20% on the previous year's figure. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 48% against the previous year. The volume of import peaked at 4.9K tons in 2021; however, from 2022 to 2024, imports stood at a somewhat lower figure.

In value terms, fungicide and bactericide imports dropped to $35M in 2024. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 53% against the previous year. The level of import peaked at $36M in 2023, and then reduced modestly in the following year.

Saudi Arabia (2.6K tons) and the United Arab Emirates (2.1K tons) dominates imports structure, together comprising 98% of total imports. Qatar (82 tons) took a relatively small share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($22M) constitutes the largest market for imported fungicides, bactericides and seed treatments in GCC, comprising 64% of total imports. The second position in the ranking was held by Saudi Arabia ($11M), with a 32% share of total imports.

In the United Arab Emirates, fungicide and bactericide imports expanded at an average annual rate of +23.2% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Saudi Arabia (+4.7% per year) and Qatar (+24.1% per year).

In 2024, the import price in GCC amounted to $7,270 per ton, reducing by -18.9% against the previous year. Overall, the import price showed a mild downturn. The pace of growth appeared the most rapid in 2022 an increase of 28%. The level of import peaked at $10,444 per ton in 2016; however, from 2017 to 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($13,139 per ton), while Saudi Arabia ($4,308 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Qatar (+3.7%), while the other leaders experienced a decline in the import price figures.

In 2024, overseas shipments of fungicides, bactericides and seed treatments were finally on the rise to reach 711 tons after two years of decline. Overall, exports continue to indicate a notable increase. The growth pace was the most rapid in 2014 when exports increased by 107%. Over the period under review, the exports reached the peak figure at 1.7K tons in 2021; however, from 2022 to 2024, the exports failed to regain momentum.

In value terms, fungicide and bactericide exports skyrocketed to $5.4M in 2024. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 210%. Over the period under review, the exports attained the maximum at $10M in 2021; however, from 2022 to 2024, the exports failed to regain momentum.

The shipments of the one major exporters of fungicides, bactericides and seed treatments, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the fungicides, bactericides and seed treatments exports, with a CAGR of +3.8% from 2013 to 2024. From 2013 to 2024, the share of the United Arab Emirates decreased by -1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($5.2M) also remains the largest fungicide and bactericide supplier in GCC.

In the United Arab Emirates, fungicide and bactericide exports expanded at an average annual rate of +6.2% over the period from 2013-2024.

The export price in GCC stood at $7,537 per ton in 2024, picking up by 95% against the previous year. Over the period under review, the export price recorded a notable increase. Over the period under review, the export prices attained the maximum at $10,436 per ton in 2020; however, from 2021 to 2024, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2024, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.3% per year.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the fungicide and bactericide market in GCC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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