Poland: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Poland

The Polish plant-growth regulators market declined remarkably to $X in 2022, shrinking by -88.2% against the previous year. Overall, consumption continues to indicate a precipitous decline. Plant-growth regulators consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Plant-Growth Regulators Production in Poland

In value terms, plant-growth regulators production declined sharply to $X in 2022 estimated in export price. Over the period under review, production showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 70% against the previous year. Plant-growth regulators production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Poland

In 2022, shipments abroad of plant-growth regulators increased by 49% to X tons, rising for the seventh consecutive year after three years of decline. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plant-growth regulators exports surged to $X in 2022. In general, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons), Spain (X tons) and Germany (X tons) were the main destinations of plant-growth regulators exports from Poland, together accounting for 30% of total exports. France, Romania, Italy, Thailand, Bulgaria, Hungary, the United States, Latvia, Russia and the Czech Republic lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +99.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) remains the key foreign market for plant-growth regulators exports from Poland, comprising 18% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.1% share of total exports. It was followed by France, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.5% per year) and France (+43.9% per year).

Export Prices by Country

In 2022, the average plant-growth regulators export price amounted to $X per ton, increasing by 9.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 19%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the United States ($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 Russia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into Poland

Plant-growth regulators imports into Poland skyrocketed to X tons in 2022, growing by 23% against the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plant-growth regulators imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +2.5% 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 2017 with an increase of 21%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of plant-growth regulators imports to Poland, with a combined 41% share of total imports. China, Austria, Hungary, Slovenia, the UK, Ireland, Israel and Denmark lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +52.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Hungary ($X) appeared to be the largest plant-growth regulators suppliers to Poland, together comprising 49% of total imports. Belgium, China, the UK, Israel, Austria, Ireland, Slovenia and Denmark lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Slovenia, with a CAGR of +54.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, shrinking by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform