New Zealand: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in New Zealand

In 2022, the New Zealand plant-growth regulators market increased by 51% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Plant-Growth Regulators Exports

Exports from New Zealand

In 2022, exports of plant-growth regulators from New Zealand shrank to X tons, reducing by -9.2% against 2021. In general, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plant-growth regulators exports skyrocketed to $X in 2022. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 27%. 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

Australia (X tons) was the main destination for plant-growth regulators exports from New Zealand, with a 52% share of total exports. Moreover, plant-growth regulators exports to Australia exceeded the volume sent to the second major destination, Samoa (X tons), fivefold. China (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+84.2% per year) and China (+62.2% per year).

In value terms, Australia ($X) remains the key foreign market for plant-growth regulators exports from New Zealand, comprising 52% of total exports. The second position in the ranking was taken by Samoa ($X), with an 11% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled -27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+93.6% per year) and China (+61.1% per year).

Export Prices by Country

In 2022, the average plant-growth regulators export price amounted to $X per ton, increasing by 27% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) and South Korea ($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 Chile (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into New Zealand

In 2022, approx. X tons of plant-growth regulators were imported into New Zealand; growing by 33% on the previous year's figure. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. Overall, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), China (X tons) and the United States (X tons) were the main suppliers of plant-growth regulators imports to New Zealand, together accounting for 79% of total imports. Malaysia, Germany, Indonesia, Israel and France lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +60.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators suppliers to New Zealand were Australia ($X), China ($X) and the United States ($X), together comprising 79% of total imports. Malaysia, Germany, Indonesia, Israel and France lagged somewhat behind, together comprising a further 17%.

Malaysia, with a CAGR of +52.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, jumping by 16% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform