Facts and Figures
Global market 2004
Global Market 2002
In 2002, the global market for chemical crop protection products declined by 2.4% to $25,150 million. Much of the decline can be attributed to the impact of low commodity prices on growers’ income and reductions in the planted areas of several important row crops, including rice, cereals and cotton. Other significant factors were a weak economic situation in several Latin American countries, adverse weather conditions in North America, Australia and parts of Asia, and an increase in the planted area of herbicide tolerant and insect resistant crops.
During 2002, the performance of the global market was negatively affected by poor weather conditions in North America and Asia, continuing low crop commodity prices at the start of the year, the impact of GM crops and a very poor economic situation in Latin America, notably Argentina. The value of the market in West Europe was enhanced on conversion to US dollars due to strengthening of the Euro and other major currencies. The Yen, on the other hand, weakened against the dollar, further depressing the results from the Japanese market.
In contrast to the decline in conventional agrochemical sales, both the planted area and the value of GM crops increased again in 2002 - the planted area of both herbicide tolerant (HT) and insect resistant (IR) crops increased by 10.0% to 62.5 million hectares (155 million acres).
The major commercial impact of GM crops on the conventional market has been in the soybean sector where Roundup Ready soybeans have taken almost 80% of the US soybean area and over 90% of the Argentine area. The maize HT and IR crop area is predominately in the United States and is led by Bt varieties, where overall HT maize accounts for 17% of US maize area and Bt varieties account for a further 21.9%. One of the key features in 2002 was an increase of 31.6% in the total Bt maize planted area in the USA. The remainder of the HT and IR maize area in the USA (5.6 million acres) was planted with stacked gene varieties.
Although the majority of GM cotton is grown in the USA, an increasing area is grown in international markets such as Australia, China and South Africa. During 2002, Bt cotton was grown commercially for the first time in India. Almost 60% of the US cotton area was planted with GM varieties in 2002, 3% of this area is Bt varieties, 56% herbicide tolerant, and 47% stacked gene varieties. In Australia, almost 26% of the cotton area is planted with Bt varieties.
Almost 90% of the GM canola/oilseed rape is grown in Canada and is divided between IMI, Liberty Link and Roundup Ready varieties.
Source: Phillips McDougall
Facts and Figures
Global Market 2002
In 2002, the global market for chemical crop protection products declined by 2.4% to $25,150 million. Much of the decline can be attributed to the impact of low commodity prices on growers’ income and reductions in the planted areas of several important row crops, including rice, cereals and cotton. Other significant factors were a weak economic situation in several Latin American countries, adverse weather conditions in North America, Australia and parts of Asia, and an increase in the planted area of herbicide tolerant and insect resistant crops.
During 2002, the performance of the global market was negatively affected by poor weather conditions in North America and Asia, continuing low crop commodity prices at the start of the year, the impact of GM crops and a very poor economic situation in Latin America, notably Argentina. The value of the market in West Europe was enhanced on conversion to US dollars due to strengthening of the Euro and other major currencies. The Yen, on the other hand, weakened against the dollar, further depressing the results from the Japanese market.
In contrast to the decline in conventional agrochemical sales, both the planted area and the value of GM crops increased again in 2002 - the planted area of both herbicide tolerant (HT) and insect resistant (IR) crops increased by 10.0% to 62.5 million hectares (155 million acres).
The major commercial impact of GM crops on the conventional market has been in the soybean sector where Roundup Ready soybeans have taken almost 80% of the US soybean area and over 90% of the Argentine area. The maize HT and IR crop area is predominately in the United States and is led by Bt varieties, where overall HT maize accounts for 17% of US maize area and Bt varieties account for a further 21.9%. One of the key features in 2002 was an increase of 31.6% in the total Bt maize planted area in the USA. The remainder of the HT and IR maize area in the USA (5.6 million acres) was planted with stacked gene varieties.
Although the majority of GM cotton is grown in the USA, an increasing area is grown in international markets such as Australia, China and South Africa. During 2002, Bt cotton was grown commercially for the first time in India. Almost 60% of the US cotton area was planted with GM varieties in 2002, 3% of this area is Bt varieties, 56% herbicide tolerant, and 47% stacked gene varieties. In Australia, almost 26% of the cotton area is planted with Bt varieties.
Almost 90% of the GM canola/oilseed rape is grown in Canada and is divided between IMI, Liberty Link and Roundup Ready varieties.
Source: Phillips McDougall