Scandinavia: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Scandinavia

In 2023, the Scandinavia plant-growth regulators market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, recorded a significant increase. As a result, consumption attained the peak level of $X, and then fell notably in the following year.

Plant-Growth Regulators Production in Scandinavia

In value terms, plant-growth regulators production dropped to $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2022, and then shrank in the following year.

Plant-Growth Regulators Exports

Exports in Scandinavia

In 2023, shipments abroad of plant-growth regulators was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, plant-growth regulators exports soared to $X in 2023. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Norway was the key exporter of plant-growth regulators in Scandinavia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Sweden (X tons), comprising a X% share of total exports.

Norway was also the fastest-growing in terms of the plant-growth regulators exports, with a CAGR of X% from 2012 to 2023. At the same time, Sweden (X%) displayed positive paces of growth. From 2012 to 2023, the share of Norway increased by X percentage points.

In value terms, the largest plant-growth regulators supplying countries in Scandinavia were Norway ($X) and Sweden ($X).

Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Plant-Growth Regulators Imports

Imports in Scandinavia

In 2023, purchases abroad of plant-growth regulators decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then fell in the following year.

In value terms, plant-growth regulators imports fell sharply to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then reduced rapidly in the following year.

Imports by Country

Sweden represented the major importing country with an import of about X tons, which recorded X% of total imports. Finland (X tons) took the second position in the ranking, distantly followed by Norway (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of imports in 2023.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform