Jordan: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Jordan

The Jordanian plant-growth regulators market amounted to $X in 2022, surging by 12% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Plant-Growth Regulators Production in Jordan

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 +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports from Jordan

In 2022, the amount of plant-growth regulators exported from Jordan dropped rapidly to X tons, falling by -39.4% against the previous year's figure. Over the period under review, exports recorded a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of 58%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, plant-growth regulators exports reduced notably to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 97%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Algeria (X tons), Saudi Arabia (X tons) and Sudan (X tons) were the main destinations of plant-growth regulators exports from Jordan, with a combined 86% share of total exports. Egypt, Kuwait, the United Arab Emirates, Oman and Iraq lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +117.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Saudi Arabia ($X) and Sudan ($X) constituted the largest markets for plant-growth regulators exported from Jordan worldwide, with a combined 86% share of total exports. Egypt, Kuwait, the United Arab Emirates, Oman and Iraq lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +131.9%, 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, increasing by 28% against the previous year. Overall, export price indicated tangible growth 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. Based on 2022 figures, plant-growth regulators export price decreased by -8.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 91% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Oman ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Sudan ($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 Oman (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Jordan

In 2022, purchases abroad of plant-growth regulators decreased by -29% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2019 when imports increased by 44%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plant-growth regulators imports fell remarkably to $X in 2022. In general, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of 39%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plant-growth regulators supplier to Jordan, with a 50% share of total imports. Moreover, plant-growth regulators imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and Turkey (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of plant-growth regulators to Jordan, comprising 50% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Turkey, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.8% per year) and Turkey (+13.6% per year).

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, jumping by 18% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 96%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+67.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform