Market Trends of africa insecticide Industry
Growing insect pest infestations and the need for higher food production are raising the consumption of insecticides per hectare in the region
- The consumption of insecticides per hectare in Africa can vary significantly across different regions and crops. Insecticide usage is influenced by several factors, such as the prevalence of insect pests, crop types, farming practices, and the level of agricultural development in each country.
- In Africa, the use of insecticides is critical for managing insects in a variety of agricultural systems, including basic food crops like maize, rice, and wheat, as well as cash crops like cotton, coffee, and cocoa. Insecticides are used to manage a wide variety of insect pests that can cause considerable crop damage, lower yields, and have an impact on food security. Between 2017 and 2022, insecticide consumption per hectare in Africa witnessed a growth of 5.3%.
- Insect pests pose a significant threat to agricultural productivity in Africa. The continent is home to a diverse range of insect pests that can cause extensive damage to crops. The increasing insect pressure, driven by factors such as climate change, changing insect dynamics, and globalization of trade, has necessitated the use of insecticides to manage insect populations effectively. For instance, a total of 1.6 million hectares in Ethiopia and Kenya were treated with broad-spectrum organophosphate and pyrethroid insecticides as a result of the locust outbreak in the Horn of Africa's desert between 2019 and 2021.
- The increasing demand for food in Africa has led to a concerted effort to enhance agricultural output. Insecticides serve an important role in increasing agricultural yields by protecting plants from insects that might disrupt output. The necessity to fulfill the population's food requirements drives the reliance on insecticides.
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Increasing pest infestations resulted in high demand for active ingredients like cypermethrin and imidacloprid, and their limited production capacities are raising the prices
- Climate change is significantly impacting agricultural production in Africa, providing favorable conditions for the proliferation of various insect pests like whiteflies. If left unmanaged, these pests can lead to an average crop loss of 25-40%. To combat this issue, farmers heavily rely on insecticides to gain better control over these harmful insects. As a result, the use of insecticides has become a crucial component of agricultural practices in the region.
- Cypermethrin stands out as one of the pricier active ingredients compared to others. In 2022, it recorded a price of USD 21,023.0 per metric ton. Over the historical period, the price of cypermethrin has seen a substantial increase, surging by USD 3,186.2 per metric ton in 2022 compared to its price in 2017. This escalating price trend can be primarily attributed to its extensive usage across various crops to control a wide range of insect pests, such as American bollworms, weevils, codling moths, leafrollers, fruit flies, caterpillars, cutworms, stalk borers, and more. The limited production of cypermethrin within the region also contributes to the upward price trajectory.
- Imidacloprid, classified as a systemic insecticide within the neonicotinoid family, effectively controls an extensive array of insect pests. These pests encompass sucking insects, soil insects, and even termites, making it a versatile solution applicable to various crops. The price of imidacloprid stood at USD 17,120.8 per metric ton in 2022.
- The fluctuations in the prices of active ingredients are primarily influenced by the rising costs of raw materials, which constitutes one of the significant contributing factors to the growth of the market.
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