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Brazil buys three times more generic agrochemicals than specialties
Nov. 24, 2017
The sales of agrochemicals called generic (or equivalent) totaled 283,050 tons in Brazil last year. This was revealed in a study by the National Union of the Crop Defense Products Industry (Sindiveg), which was released last week by the Brazilian Association of Generic Agrochemicals (Aenda).
The amount was more than triple the volume of specialties (commercial brands) sold, which in 2016 was some 94,120 tons in the country. “The numbers for 2016 leave no doubt about the penetration of generic products in the Brazilian market,” said agronomist Túlio Teixeira de Oliveira, Executive Director at Aenda.
In terms of revenue, the specialist maintains a lead over generic products with 47.66%. While the commercial brands had a revenue of US$5.7 billion last year, generic’s revenue totaled $3.86 billion.
“In the 1990s, Aenda had an impressive presence in the agricultural sector, as a result of its technical and political effort to implant in Brazil a registration regime similar to the one for pesticides. There were numerous lectures in universities and research centers to evoke interest in the subject, and that motivated the development of laboratory technology for the realization of these toxicological tests in the country. The endeavor got success through Decree No. 4,074 of 2002,” noted Oliveira.
“On the other hand, large companies in this sector bet on the development of new molecules and the diffusion of generic products, which excites competition and lowers prices in general, harming the profitability of new products. It is known that the Brazilian market is one of the larger in the world, if not the largest. What is certain is that the situations continued to appear after the post-episode implementation of the registration per equivalence,” concluded Oliveira.
Source: AgroNews
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