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Briefing on Import of Insecticides, Formicides, Herbicides and Similar Products by Brazil in 2014-2018

Briefing on Import of Insecticides, Formicides, Herbicides and Similar Products by Brazil in 2014-20182019.05.30

 

Brazil has a big appetite for insecticides, formicides, herbicides and similar products because of the fact that the agriculture of Brazil is historically one of the principal bases of Brazil's economy. In recent years, agricultural productivity has expanded significantly and highlighted agriculture in Brazil owing to the effective use of such agrochemicals.

 

According to a study by the Center for Advanced Studies on Applied Economics (Cepea / Esalq-USP) in cooperation with the National Association of Plant Protection (Andef), in 2016/17, Brazilian soybean growers consumed a total of R$ 19.3 billion of agrochemicals, of which bactericides are worth R$ 8.3 billion (96% for the control of soybean rust), insecticides are R$ 6.2 billion, and herbicides are R$ 4.8 billion. The amount of agrochemicals consumed accounted for 16.5% of the total cost of Brazilian soybean production (R$ 117 billion).

 


According to the data released by the Ministry of Economy of Brazil, Brazil’s import of insecticides, formicides, herbicides and similar products accounts for 1.63% of the total imports in 2018, ranking the 13th of PPE (Principais Produtos Exportados, Main Products Exported) imports in 2018; and it also ranks the 10th in the import of manufactured products in 2018 with the proportion of 1.92%.

 

Import Weight of Insecticides, Formicides, Herbicides and Similar Products in 2014-2018


Data Source: Ministry of Economy of Brazil

 

According to the above graph, import weight of insecticides, formicides, herbicides and similar products is seeing ups and downs from 2014 to 2017 and surged in 2018 with its import weight amounted to 339,004.8 tons, up by 17.20% compared with that of 2017.

 

Import Value of Insecticides, Formicides, Herbicides and Similar Products in 2014-2018


Data Source: Ministry of Economy of Brazil

 

In the past five years, the import value is seeing a V-shaped pattern and touched the bottom in 2016, down by -22.90% YoY. Since 2016, the pattern is showing an uptrend. In 2018, the import value totaled FOB USD 2,960.42 million, seeing a 19.90% YoY increase.

 

Import Price of Insecticides, Formicides, Herbicides and Similar Products in 2014-2018


Data Source: Ministry of Economy of Brazil

 

The import price is seeing a V-shaped pattern and touched the bottom in 2016, down by -25.40% YoY. Since 2016, the pattern is showing a moderate uptrend. In 2018, the average import price is USD 8.733 FOB / Kg, up by 2.30% year on year.

 

Top 9 Exporters of Insecticides, Formicides, Herbicides and Similar Products to Brazil in 2018


Data Source: Ministry of Economy of Brazil

 

In 2018, Brazil’s imports of insecticides, formicides, herbicides and similar products are mainly from USA, China, India, Israel, France, Belgium, Germany, Singapore and Argentina. USA ranks the first among the top 9 export countries, with the export value to Brazil amounting to FOB USD 710.22 million, up by 37.4% YoY in 2018, and represents 24% in the Brazil’s imports of such products, followed closely by China and India, accounting for 17% and 12% respectively. We can also notice that, Brazil imported these products worth of USD 490.36 million from China in 2018, up by 41.2% compared with that of 2017.

 

 

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