Hong Kong SAR, China: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Hong Kong SAR, China

The Hong Kong plant-growth regulators market amounted to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Plant-Growth Regulators Production in Hong Kong SAR, China

In value terms, plant-growth regulators production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 15%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Hong Kong SAR, China

In 2022, the amount of plant-growth regulators exported from Hong Kong SAR shrank notably to X tons, waning by -33.7% on the previous year. Overall, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2017 when exports increased by 199% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, plant-growth regulators exports dropped dramatically to $X in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 204% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) and Vietnam (X tons) were the main destinations of plant-growth regulators exports from Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +30.3%).

In value terms, Vietnam ($X) emerged as the key foreign market for plant-growth regulators exports from Hong Kong SAR, comprising 80% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +31.8%.

Export Prices by Country

In 2022, the average plant-growth regulators export price amounted to $X per ton, dropping by -25.2% against the previous year. Over the period under review, the export price, however, showed a significant expansion. The growth pace was the most rapid in 2013 an increase of 222%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Macao SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+185.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Hong Kong SAR, China

In 2022, the amount of plant-growth regulators imported into Hong Kong SAR reduced markedly to X tons, which is down by -56.6% on the year before. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 128% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plant-growth regulators imports contracted markedly to $X in 2022. In general, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 137%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the United States (X tons) were the main suppliers of plant-growth regulators imports to Hong Kong SAR, together accounting for 87% of total imports. These countries were followed by Singapore, which accounted for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators suppliers to Hong Kong SAR were China ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for 84% of total imports. These countries were followed by Singapore, which accounted for a further 16%.

Singapore, with a CAGR of +18.0%, saw the highest growth rate of the value of imports, in terms of 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, surging by 55% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 163%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform