Northern America: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Northern America

For the seventh year in a row, the North American plant-growth regulators market recorded growth in sales value, which increased by 7.3% to $X in 2022. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +79.0% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Plant-Growth Regulators Production in Northern America

In value terms, plant-growth regulators production totaled $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plant-Growth Regulators Exports

Exports in Northern America

In 2022, the amount of plant-growth regulators exported in Northern America totaled X tons, picking up by 13% against 2021. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, plant-growth regulators exports soared to $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; 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 28% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was near 97% of total exports in 2022. Canada (X tons) took a little share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of plant-growth regulators. At the same time, Canada (+3.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +3.5% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest plant-growth regulators supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 3.7% share of total exports.

In the United States, plant-growth regulators exports increased at an average annual rate of +3.5% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 15%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).

Plant-Growth Regulators Imports

Imports in Northern America

In 2022, overseas purchases of plant-growth regulators increased by 18% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +4.2% 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 2017 with an increase of 24% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, plant-growth regulators imports surged to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada represented the major importing country with an import of around X tons, which amounted to 63% of total imports. It was distantly followed by the United States (X tons), comprising a 37% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +9.4%).

In value terms, the largest plant-growth regulators importing markets in Northern America were Canada ($X) and the United States ($X).

Among the main importing countries, the United States, with a CAGR of +10.0%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, jumping by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.1%).

Source: IndexBox Platform