Middle East: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern plant-growth regulators market, when its value decreased by -15.6% to $X. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.9% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted significantly in the following year.

Plant-Growth Regulators Production in the Middle East

In value terms, plant-growth regulators production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports in the Middle East

In 2022, shipments abroad of plant-growth regulators was finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 52%. 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 skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period 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 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Israel dominates exports structure, recording X tons, which was near 88% of total exports in 2022. It was distantly followed by Turkey (X tons), creating a 9% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plant-growth regulators exports from Israel stood at -1.9%. At the same time, Turkey (+10.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +10.4% from 2012-2022. While the share of Turkey (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-5.2 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest plant-growth regulators supplier in the Middle East, comprising 91% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel stood at +1.3%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -2.1% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 -12.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 49%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.2%).

Plant-Growth Regulators Imports

Imports in the Middle East

In 2022, the amount of plant-growth regulators imported in the Middle East soared to X tons, rising by 15% compared with 2021 figures. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 19%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plant-growth regulators imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Turkey was the main importing country with an import of about X tons, which amounted to 38% of total imports. It was distantly followed by Iran (X tons), Iraq (X tons), Israel (X tons) and Saudi Arabia (X tons), together mixing up a 49% share of total imports. The United Arab Emirates (X tons) and Palestine (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported plant-growth regulators in the Middle East, comprising 48% of total imports. The second position in the ranking was held by Iraq ($X), with a 12% share of total imports. It was followed by Iran, with a 12% share.

In Turkey, plant-growth regulators imports increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iraq (+34.0% per year) and Iran (+5.8% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform