Denmark: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Denmark

The Danish plant-growth regulators market soared to $X in 2022, growing by 31% against the previous year. Over the period under review, consumption, however, showed a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plant-Growth Regulators Production in Denmark

In value terms, plant-growth regulators production reduced to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by 12% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports from Denmark

In 2022, approx. X tons of plant-growth regulators were exported from Denmark; waning by -18.3% on 2021 figures. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 135% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, plant-growth regulators exports expanded slightly to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Sweden (X tons), Lithuania (X tons) and Finland (X tons) were the main destinations of plant-growth regulators exports from Denmark, with a combined 50% share of total exports. Latvia, Poland, Germany, Estonia, Norway, Spain, the Czech Republic, Iceland, the UK and Belgium lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +210.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plant-growth regulators exported from Denmark were Sweden ($X), Lithuania ($X) and Finland ($X), together accounting for 54% of total exports. Germany, Latvia, Norway, Poland, Estonia, the Czech Republic, the UK, Spain, Belgium and Iceland lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, the Czech Republic, with a CAGR of +214.3%, saw the highest growth rate of the value of exports, 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, growing by 28% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Iceland ($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 Norway (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Denmark

In 2022, imports of plant-growth regulators into Denmark shrank to X tons, waning by -5.2% compared with the year before. Over the period under review, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, plant-growth regulators imports fell modestly to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 74%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of plant-growth regulators imports to Denmark, together accounting for 55% of total imports. The Netherlands, Slovenia, Hungary, Ireland, Sweden, Italy and the UK lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +324.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of plant-growth regulators to Denmark, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.7% per year) and the Netherlands (+1.2% per year).

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, growing by 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Italy ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform