Global Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size

After six years of growth, the global plant-growth regulators market decreased by X% to $X in 2023. In general, the total consumption indicated a temperate increase 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, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Plant-Growth Regulators Production

In value terms, plant-growth regulators production totaled $X in 2023 estimated in export price. The total output value 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 pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports

After three years of growth, overseas shipments of plant-growth regulators decreased by X% to X tons in 2023. In general, total exports indicated a noticeable increase from 2012 to 2023: its volume 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The global exports peaked at X tons in 2022, and then dropped in the following year.

In value terms, plant-growth regulators exports dropped sharply to $X in 2023. Overall, total exports indicated a noticeable increase 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. The United States (X tons) held the second position in the ranking, followed by India (X tons). All these countries together held near X% share of total exports. Belgium (X tons), France (X tons), Germany (X tons), Israel (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Israel and Germany experienced a relatively flat trend pattern. By contrast, the United States (X%), Belgium (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plant-growth regulators supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by India ($X), with an X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average plant-growth regulators export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

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

Plant-Growth Regulators Imports

Imports

In 2023, after three years of growth, there was significant decline in overseas purchases of plant-growth regulators, when their volume decreased by X% to X tons. 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 2020 with an increase of X% against the previous year. Global imports peaked at X tons in 2022, and then shrank in the following year.

In value terms, plant-growth regulators imports dropped rapidly to $X in 2023. Over the period under review, total imports indicated a moderate 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 2019 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2023, Brazil (X tons), followed by Canada (X tons) and Australia (X tons) were the largest importers of plant-growth regulators, together generating X% of total imports. Thailand (X tons), Nigeria (X tons), Indonesia (X tons), France (X tons), Ghana (X tons), the United States (X tons), India (X tons), Ukraine (X tons), Germany (X tons) and Russia (X tons) followed a long way behind the leaders.

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

In value terms, Brazil ($X), Canada ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of global imports.

In terms of the main importing countries, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform