Israel: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Israel

The Israeli plant-growth regulators market dropped dramatically to $X in 2022, reducing by -53.4% against the previous year. Overall, consumption, however, posted moderate growth. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Plant-Growth Regulators Production in Israel

In value terms, plant-growth regulators production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Israel

In 2022, overseas shipments of plant-growth regulators were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plant-growth regulators exports surged to $X in 2022. The total export value 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 growth pace was the most rapid in 2017 with an increase of 23% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons), France (X tons) and the United States (X tons) were the main destinations of plant-growth regulators exports from Israel, with a combined 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +64.5%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), France ($X) and the United States ($X) were the largest markets for plant-growth regulators exported from Israel worldwide, together accounting for 35% of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +66.6%, saw the highest rates of growth with regard to 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

The average plant-growth regulators export price stood at $X per ton in 2022, which is down by -7.9% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plant-growth regulators export price decreased by -11.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per ton) and Slovenia ($X per ton), while the average price for exports to Australia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Israel

In 2022, supplies from abroad of plant-growth regulators increased by 28% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, plant-growth regulators imports surged to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 with an increase of 41% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of plant-growth regulators imports to Israel, with a combined 69% share of total imports. The United States, France, Spain, Poland and Italy lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators suppliers to Israel were China ($X), Belgium ($X) and Germany ($X), with a combined 69% share of total imports. The United States, France, Spain, Poland and Italy lagged somewhat behind, together comprising a further 23%.

Poland, with a CAGR of +21.6%, recorded the highest rates of growth with regard to 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, with an increase of 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 an increase of 44% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform