Brazil: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Brazil

For the third year in a row, the Brazilian plant-growth regulators market recorded growth in sales value, which increased by 165% to $X in 2022. Over the period under review, consumption showed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Plant-Growth Regulators Production in Brazil

In value terms, plant-growth regulators production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Plant-growth regulators production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports from Brazil

After two years of decline, shipments abroad of plant-growth regulators increased by 8.5% to X tons in 2022. Over the period under review, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 167% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plant-growth regulators exports stood at $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 138% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Bolivia (X tons) were the main destinations of plant-growth regulators exports from Brazil, together accounting for 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Paraguay ($X) and Bolivia ($X) were the largest markets for plant-growth regulators exported from Brazil worldwide, together comprising 73% of total exports.

Bolivia, with a CAGR of +16.9%, saw 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

The average plant-growth regulators export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +63.0% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Uruguay ($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 Belgium (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Brazil

In 2022, the amount of plant-growth regulators imported into Brazil skyrocketed to X tons, jumping by 112% compared with the year before. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plant-growth regulators imports soared to $X in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plant-growth regulators supplier to Brazil, with a 80% 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), more than tenfold. The third position in this ranking was held by India (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.3% per year) and India (+56.4% per year).

In value terms, China ($X) constituted the largest supplier of plant-growth regulators to Brazil, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.0% per year) and India (+48.3% per year).

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, with an increase of 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2021 when the average import price increased by 26%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform