Greece: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Greece

The Greek plant-growth regulators market dropped to $X in 2022, which is down by -11.3% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Plant-Growth Regulators Production in Greece

In value terms, plant-growth regulators production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports from Greece

In 2022, the amount of plant-growth regulators exported from Greece declined dramatically to X tons, reducing by -27.8% against the previous year's figure. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 102%. As a result, the exports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, plant-growth regulators exports declined to $X in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 178% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Bulgaria (X tons), Egypt (X tons) and Romania (X tons) were the main destinations of plant-growth regulators exports from Greece, with a combined 40% share of total exports. Cyprus, Hungary, Germany, Switzerland, Spain, Poland, Ireland, Saudi Arabia, Turkey and Italy lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +98.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plant-growth regulators exported from Greece were Bulgaria ($X), Egypt ($X) and Switzerland ($X), together comprising 38% of total exports. Spain, Romania, Germany, Cyprus, Poland, Italy, Hungary, Turkey, Ireland and Saudi Arabia lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Hungary, with a CAGR of +95.8%, 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 average plant-growth regulators export price amounted to $X per ton, increasing by 35% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 65% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Switzerland ($X per ton), while the average price for exports to Saudi Arabia ($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 Switzerland (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Greece

In 2022, supplies from abroad of plant-growth regulators decreased by -26.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 21%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, plant-growth regulators imports fell to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 30% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), France (X tons) and Israel (X tons) were the main suppliers of plant-growth regulators imports to Greece, together comprising 49% of total imports. China, Hungary, Poland, Germany, Italy, the Netherlands, Ireland, Austria and Spain lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +58.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators suppliers to Greece were France ($X), Belgium ($X) and Hungary ($X), with a combined 47% share of total imports. Germany, Italy, Israel, Poland, China, Spain, the Netherlands, Austria and Ireland lagged somewhat behind, together accounting for a further 49%.

Poland, with a CAGR of +57.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, growing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform