Egypt: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Egypt

The Egyptian plant-growth regulators market shrank slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Plant-growth regulators consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plant-Growth Regulators Production in Egypt

In value terms, plant-growth regulators production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. Plant-growth regulators production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports from Egypt

After three years of growth, overseas shipments of plant-growth regulators decreased by -84.2% to X tons in 2022. In general, exports saw a pronounced curtailment. The growth pace was the most rapid in 2019 when exports increased by 331% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, plant-growth regulators exports declined sharply to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 338%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for plant-growth regulators exports from Egypt, accounting for a 87% share of total exports. Moreover, plant-growth regulators exports to Saudi Arabia exceeded the volume sent to the second major destination, Zambia (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +1.6%.

In value terms, the largest markets for plant-growth regulators exported from Egypt were Zambia ($X) and Saudi Arabia ($X).

Zambia, with a CAGR of +24.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, shrinking by -24.8% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+14.9%), while the prices for the other major destinations experienced a decline.

Plant-Growth Regulators Imports

Imports into Egypt

In 2022, the amount of plant-growth regulators imported into Egypt contracted rapidly to X tons, declining by -15.5% on 2021 figures. Overall, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of 21%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, plant-growth regulators imports declined to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 19% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of plant-growth regulators imports to Egypt, together accounting for 69% of total imports. The UK, the United States, Italy, Spain, Belgium and India lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and France ($X) constituted the largest plant-growth regulators suppliers to Egypt, together accounting for 69% of total imports. The UK, the United States, Italy, Spain, Belgium and India lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Spain, with a CAGR of +18.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, rising by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform