Germany: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Germany

In 2022, the German plant-growth regulators market decreased by -45.8% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plant-Growth Regulators Production in Germany

In value terms, plant-growth regulators production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports from Germany

In 2022, the amount of plant-growth regulators exported from Germany soared to X tons, picking up by 17% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, plant-growth regulators exports totaled $X in 2022. Overall, exports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for plant-growth regulators exports from Germany, accounting for a 16% share of total exports. Moreover, plant-growth regulators exports to France exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Chile (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.9% per year) and Chile (+12.5% per year).

In value terms, the largest markets for plant-growth regulators exported from Germany were France ($X), Brazil ($X) and the United States ($X), together comprising 30% of total exports.

Brazil, with a CAGR of +12.6%, recorded the highest growth rate of 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

In 2022, the average plant-growth regulators export price amounted to $X per ton, waning by -11.3% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 6.2% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Chile ($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 Brazil (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Germany

In 2022, overseas purchases of plant-growth regulators increased by 2.8% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a slight decline. The growth pace was the most rapid in 2021 when imports increased by 11%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plant-growth regulators imports rose significantly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Belgium (X tons) and the UK (X tons) were the main suppliers of plant-growth regulators imports to Germany, with a combined 51% share of total imports. Israel, Hungary, Austria, Poland, Ireland, Slovenia, the Netherlands, India and Italy lagged somewhat behind, together accounting for a further 42%.

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 +90.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Hungary ($X) were the largest plant-growth regulators suppliers to Germany, with a combined 50% share of total imports. Israel, the UK, the Netherlands, Italy, Austria, Poland, Ireland, Slovenia and India lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Slovenia, with a CAGR of +82.9%, 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, increasing by 4.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 ($X per ton), while the price for India ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform