Europe: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Europe

The Europe plant-growth regulators market fell dramatically to $X in 2022, declining by -25.3% against the previous year. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.0% against 2020 indices. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Plant-Growth Regulators Production in Europe

In value terms, plant-growth regulators production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports in Europe

For the fourth consecutive year, Europe recorded growth in overseas shipments of plant-growth regulators, which increased by 3.6% to X tons in 2022. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 12%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plant-growth regulators exports rose notably to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12%. 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), the UK (X tons), Poland (X tons), Hungary (X tons), Austria (X tons) and Ireland (X tons) were the main exporters of plant-growth regulators, together creating 81% 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, the largest plant-growth regulators supplying countries in Europe were France ($X), Germany ($X) and Belgium ($X), together accounting for 54% of total exports. Hungary, Poland, the UK, Austria and Ireland lagged somewhat behind, together comprising a further 25%.

Among 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 Europe amounted to $X per ton, with an increase of 7.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 11%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Plant-Growth Regulators Imports

Imports in Europe

In 2022, imports of plant-growth regulators in Europe was estimated at X tons, surging by 8.7% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, plant-growth regulators imports rose rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons), Ukraine (X tons), Germany (X tons), the UK (X tons), Poland (X tons), Russia (X tons), Spain (X tons), Belgium (X tons), Italy (X tons), Romania (X tons), the Netherlands (X tons) and Hungary (X tons) represented the major importer of plant-growth regulators in Europe, constituting 78% of total import. Bulgaria (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +5.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators importing markets in Europe were France ($X), Germany ($X) and Ukraine ($X), together accounting for 32% of total imports. Poland, the UK, Spain, Romania, Italy, Russia, Belgium, Hungary, the Netherlands and Bulgaria lagged somewhat behind, together accounting for a further 45%.

In terms of the main importing countries, Romania, with a CAGR of +7.3%, 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 import price in Europe amounted to $X per ton, increasing by 1.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.4%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform