EU: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in the EU

The EU plant-growth regulators market declined significantly to $X in 2022, with a decrease of -31.2% against the previous year. Over the period under review, consumption, however, posted perceptible growth. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Plant-Growth Regulators Production in the EU

In value terms, plant-growth regulators production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 59%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports in the EU

In 2022, approx. X tons of plant-growth regulators were exported in the European Union; surging by 5.3% against 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 14% 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 rose significantly to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Belgium (X tons), distantly followed by France (X tons), Germany (X tons), Poland (X tons), Hungary (X tons), Austria (X tons) and Ireland (X tons) were the key exporters of plant-growth regulators, together mixing up 85% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 59% share of total exports. Hungary, Poland, Austria and Ireland lagged somewhat behind, together accounting for a further 23%.

In terms of the main exporting countries, Hungary, with a CAGR of +16.1%, 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

In 2022, the export price in the European Union amounted to $X per ton, growing by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+9.3%), while the other leaders experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports in the EU

In 2022, approx. X tons of plant-growth regulators were imported in the European Union; picking up by 13% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plant-growth regulators imports expanded rapidly to $X in 2022. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X tons), followed by Germany (X tons), Poland (X tons), Spain (X tons), Belgium (X tons), Italy (X tons) and Romania (X tons) represented the main importers of plant-growth regulators, together comprising 66% of total imports. The Netherlands (X tons), Hungary (X tons), Bulgaria (X tons), Denmark (X tons), Lithuania (X tons) and the Czech Republic (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +6.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators importing markets in the European Union were France ($X), Germany ($X) and Poland ($X), together accounting for 40% of total imports. Spain, Romania, Italy, Belgium, Hungary, the Netherlands, Denmark, Lithuania, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further 46%.

Among the main importing countries, Lithuania, with a CAGR of +8.0%, 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

The import price in the European Union stood at $X per ton in 2022, which is down by -2.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 10%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform