Vietnam is a major agricultural country in the world, where agriculture plays a significant role in the national economy and is one of its key supporting industries. In 2023, agriculture contributed 12% to Vietnam's real GDP growth, with the trade surplus of agricultural products accounting for 42.5% of the totaTrade surplus. Over 50% of Vietnam's population is in rural, with arable and forest land covering 60% of the total land area. The Ministry of Agriculture and Rural Development of Vietnam projects that in 2024, the total export value of agricultural products will reach USD 55 billion, with a 2.5% growth rate in the output value of planation, indicating a trend of positive capacity expansion. The continuous development of Vietnam's agriculture and plantation industries has led to an increasing consumption of fungicides.
Pesticides are vital for the modernization of agriculture, effectively controlling pests and diseases, increasing yield, and ensuring the quality of agricultural products. Vietnam has a strong demand for pesticide products. According to the United Nations’ Food and Agriculture Organization, in 2021, Vietnam used 50,096 tons of active ingredients in pesticides. In 2023, Vietnam's total pesticide imports amounted to USD 840 million. From January to May 2024, Vietnam imported pesticides worth approximately USD 400 million based on the data of the publisher. Over the past five years, the pesticide market in Vietnam has shown an overall upward trend, with an annual pesticide usage exceeding 100,000 tons. Pesticides are mainly classified into five categories: rodenticides, insecticides, fungicides, herbicides, and disinfectants. Among them, fungicides are the most imported type of pesticide in Vietnam. In 2023, Vietnam's fungicide imports exceeded USD 300 million, accounting for 37% of the total pesticide import value. According to the publisher, from January to May 2024, Vietnam imported fungicides worth approximately USD 140 million, indicating continuous market demand growth.
Based on the publisher, from 2021 to 2024, the main sources of fungicide imports for Vietnam included China, Germany, and Singapore. Major companies exporting fungicides to Vietnam include Syngenta, Bayer, and Eastchem.
The primary importers of fungicides in Vietnam include local pesticide distributors and logistics companies, as well as foreign-invested enterprises. Many of these are subsidiaries of international pesticide companies in Vietnam, such as Bayer, UPL, and ADC.
Overall, with the population growth and ongoing agricultural development in Vietnam, the demand for fungicides will continue to rise. The publisher predicts that in the coming years, the import of fungicides in Vietnam will maintain a growth trend, playing a significant role in the stability and growth of agricultural production in the country.
Topics covered:
- The Import and Export of Fungicide in Vietnam (2021-2024)
- Total Import Volume of Fungicide in Vietnam (2021-2024)
- Total Import Value and Growth Rate of Fungicide in Vietnam (2021-2024)
- Total Import Value and Growth Rate of Fungicide in Vietnam (January-May 2024)
- Average Import Price of Fungicide in Vietnam (2021-2024)
- Top 10 Sources of Fungicide Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Fungicide in Vietnam and Their Supply Volume
- Top 10 Importers of Fungicide in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Fungicide in Vietnam
- How Foreign Enterprises Enter the Pesticide Market of Vietnam
- Forecast for the Import of Fungicide in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Syngenta
- Bayer
- Eastchem
- Bayer Vietnam
- UPL
- ADC
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | July 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 335.4 Million |
| Forecasted Market Value ( USD | $ 481.53 Million |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
