Puerto Rico: Plant-Growth Regulators Market 2022

Plant-Growth Regulators Market Size in Puerto Rico

The Puerto Rican plant-growth regulators market fell slightly to $X in 2021, which is down by -2.2% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Plant-Growth Regulators Production in Puerto Rico

In value terms, plant-growth regulators production fell slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 75%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 53% of total exports in 2021. The United States (X tons) held the second position in the ranking, followed by India (X tons) and Belgium (X tons). All these countries together took approx. 19% share of total exports. France (X tons), Germany (X tons), Malaysia (X tons), the UK (X tons), Israel (X tons), Ireland (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plant-growth regulators exports from China stood at +9.6%. At the same time, India (+19.7%), Ireland (+9.8%), Malaysia (+9.8%) and the UK (+1.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.7% from 2012-2021. Germany and the United States experienced a relatively flat trend pattern. By contrast, France (-1.5%), Belgium (-2.2%), Israel (-4.5%) and Argentina (-12.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +17 and +4.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plant-growth regulators supplier from Puerto Rico, comprising 31% of global exports. The second position in the ranking was held by India ($X), with an 11% share of global exports. It was followed by the United States, with a 10% share.

In China, plant-growth regulators exports expanded at an average annual rate of +12.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+24.8% per year) and the United States (+1.3% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.5%), while the other leaders experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports by Country

In 2021, Australia (X tons), Brazil (X tons), Canada (X tons) and Nigeria (X tons) represented the largest importer of plant-growth regulators in the world, making up 29% of total import. The United States (X tons), Ukraine (X tons), France (X tons), Thailand (X tons), India (X tons), Ghana (X tons), Germany (X tons), Indonesia (X tons) and Argentina (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Canada ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 22% of total imports. France, Germany, Ukraine, the United States, India, Nigeria, Argentina, Thailand, Indonesia and Ghana lagged somewhat behind, together comprising a further 27%.

India, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform