Italy: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Italy

In 2022, the Italian plant-growth regulators market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a noticeable shrinkage. Plant-growth regulators consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plant-Growth Regulators Production in Italy

In value terms, plant-growth regulators production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 196% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Italy

In 2022, shipments abroad of plant-growth regulators increased by 34% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, continue to indicate a perceptible decrease. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, plant-growth regulators exports stood at $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Australia (X tons) and the UK (X tons) were the main destinations of plant-growth regulators exports from Italy, with a combined 52% share of total exports. Germany, Brazil, Spain, Belgium, Argentina, the United States, Denmark, Greece and Hungary lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for plant-growth regulators exports from Italy, comprising 27% of total exports. The second position in the ranking was held by Spain ($X), with an 8.8% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.5% per year) and the United States (+14.7% per year).

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, waning by -14.2% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 2016 when the average export price increased by 53%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 Greece (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Italy

In 2022, approx. X tons of plant-growth regulators were imported into Italy; growing by 8.4% against the year before. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plant-growth regulators imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of plant-growth regulators imports to Italy, with a combined 47% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +59.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of plant-growth regulators to Italy, comprising 34% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and Hungary (+5.3% per year).

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, waning by -8.5% against the previous year. In general, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform