Pakistan: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Pakistan

The Pakistani plant-growth regulators market reduced slightly to $X in 2022, waning by -2.4% against the previous year. In general, consumption continues to indicate a buoyant increase. Plant-growth regulators consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plant-Growth Regulators Production in Pakistan

In value terms, plant-growth regulators production reduced to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 50%. Plant-growth regulators production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports from Pakistan

In 2022, after two years of growth, there was significant decline in shipments abroad of plant-growth regulators, when their volume decreased by -59.7% to X tons. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,315%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plant-growth regulators exports declined markedly to $X in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,635%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for plant-growth regulators exports from Pakistan, accounting for a 76% share of total exports. Moreover, plant-growth regulators exports to the Netherlands exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+38.3% per year) and Bangladesh (+24.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for plant-growth regulators exports from Pakistan, comprising 87% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+33.7% per year) and the United Arab Emirates (+43.4% per year).

Export Prices by Country

In 2022, the average plant-growth regulators export price amounted to $X per ton, picking up by 34% against the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2021 an increase of 75% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Pakistan

In 2022, approx. X tons of plant-growth regulators were imported into Pakistan; rising by 19% on 2021 figures. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.9% against 2020 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 57%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plant-growth regulators imports soared to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +10.2% 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 +34.5% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plant-growth regulators to Pakistan, accounting for a 70% share of total imports. Moreover, plant-growth regulators imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.0% per year) and the United States (+5.4% per year).

In value terms, China ($X) constituted the largest supplier of plant-growth regulators to Pakistan, comprising 57% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Germany, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.5% per year) and Germany (+6.3% per year).

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, leveling off at the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 import price increased by +56.2% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 55%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform