Austria: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Austria

The Austrian plant-growth regulators market contracted sharply to $X in 2022, dropping by -75.2% against the previous year. Overall, consumption continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Plant-Growth Regulators Production in Austria

In value terms, plant-growth regulators production fell modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 118% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Plant-Growth Regulators Exports

Exports from Austria

In 2022, overseas shipments of plant-growth regulators were finally on the rise to reach X tons after three years of decline. Overall, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 82% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, plant-growth regulators exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 229% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Poland (X tons) were the main destinations of plant-growth regulators exports from Austria, together comprising 42% of total exports. Germany, Italy, France, Spain, Sudan, Turkey, the Czech Republic, Greece, Romania and Hungary lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +147.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest markets for plant-growth regulators exported from Austria worldwide, together comprising 35% of total exports. The UK, Poland, Italy, Spain, Turkey, Romania, Sudan, Hungary, the Czech Republic and Greece lagged somewhat behind, together comprising a further 44%.

Turkey, with a CAGR of +167.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plant-growth regulators export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 80% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Romania (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Austria

In 2022, the amount of plant-growth regulators imported into Austria contracted to X tons, which is down by -6.2% against the previous year. Over the period under review, imports showed a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 109% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, plant-growth regulators imports rose slightly to $X in 2022. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and France (X tons) were the main suppliers of plant-growth regulators imports to Austria, with a combined 64% share of total imports. Slovenia, Hungary, Belgium, Poland and Israel lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +74.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) were the largest plant-growth regulators suppliers to Austria, together accounting for 51% of total imports. Hungary, Belgium, Slovenia, Poland and Israel lagged somewhat behind, together accounting for a further 25%.

Poland, with a CAGR of +53.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, rising by 9.6% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 115%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 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 Hungary ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform