Argentina: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Argentina

In 2022, the Argentinian plant-growth regulators market was finally on the rise to reach $X after three years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Plant-Growth Regulators Production in Argentina

In value terms, plant-growth regulators production declined remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 202% against the previous year. Plant-growth regulators production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports from Argentina

In 2022, shipments abroad of plant-growth regulators increased by 50% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a deep slump. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plant-growth regulators exports skyrocketed to $X in 2022. In general, exports, however, recorded a pronounced descent. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons), Brazil (X tons) and Uruguay (X tons) were the main destinations of plant-growth regulators exports from Argentina, together comprising 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of -4.2%), while the other leaders experienced a decline.

In value terms, Uruguay ($X), Paraguay ($X) and Bolivia ($X) constituted the largest markets for plant-growth regulators exported from Argentina worldwide, together comprising 74% of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of +0.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, rising by 14% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plant-growth regulators export price increased by +61.4% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 15%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Argentina

In 2022, imports of plant-growth regulators into Argentina surged to X tons, increasing by 27% compared with 2021. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plant-growth regulators to Argentina, with a 74% share of total imports. Moreover, plant-growth regulators imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Israel (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.7% per year) and Israel (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of plant-growth regulators to Argentina, comprising 46% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.9% per year) and Germany (+16.5% per year).

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform