Northern America: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Northern America

In 2023, after eleven years of growth, there was decline in the North American plant-growth regulators market, when its value decreased by X% to $X. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Plant-Growth Regulators Production in Northern America

In value terms, plant-growth regulators production reached $X in 2023 estimated in export price. The total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased 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 hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports in Northern America

In 2023, approx. X tons of plant-growth regulators were exported in Northern America; which is down by X% against the previous year. In general, exports saw a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, plant-growth regulators exports reduced to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then contracted in the following year.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Canada (X tons) took a little share of total exports.

The United States was also the fastest-growing in terms of the plant-growth regulators exports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest plant-growth regulators supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, plant-growth regulators exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

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

Plant-Growth Regulators Imports

Imports in Northern America

After three years of growth, overseas purchases of plant-growth regulators decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then dropped sharply in the following year.

In value terms, plant-growth regulators imports shrank notably to $X in 2023. Total imports indicated strong 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2023, Canada (X tons) represented the key importer of plant-growth regulators, committing X% of total imports. It was distantly followed by the United States (X tons), generating a X% share of total imports.

Canada experienced a relatively flat trend pattern with regard to volume of imports of plant-growth regulators. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of imports in 2023.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, approximately mirroring 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. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

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

Source: IndexBox Platform