CIS: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in CIS

The CIS plant-growth regulators market shrank slightly to $X in 2023, declining by X% against the previous year. Overall, consumption continues to indicate a slight reduction. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Plant-Growth Regulators Production in CIS

In value terms, plant-growth regulators production declined to $X in 2023 estimated in export price. Over the period under review, production showed a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports in CIS

In 2023, overseas shipments of plant-growth regulators were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, plant-growth regulators exports surged to $X in 2023. Overall, exports showed prominent growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the largest exporter of plant-growth regulators in the CIS, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Belarus (X tons), creating a X% share of total exports. Uzbekistan (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to plant-growth regulators exports from Russia stood at X%. At the same time, Uzbekistan (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. Russia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest plant-growth regulators supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Kazakhstan ($X per ton) and Russia ($X per ton), while Belarus ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the export price figures.

Plant-Growth Regulators Imports

Imports in CIS

In 2023, supplies from abroad of plant-growth regulators increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Total imports indicated a notable expansion from 2012 to 2023: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, plant-growth regulators imports declined to $X in 2023. Total imports indicated a noticeable expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Russia represented the major importing country with an import of about X tons, which amounted to X% of total imports. Kazakhstan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). Uzbekistan (X tons), Moldova (X tons), Kyrgyzstan (X tons) and Azerbaijan (X tons) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Belarus ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Moldova, Uzbekistan, Kyrgyzstan and Azerbaijan lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, falling by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform