Romania: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Romania

The Romanian plant-growth regulators market skyrocketed to $X in 2022, increasing by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Romania

In 2022, exports of plant-growth regulators from Romania soared to X tons, rising by 19% against 2021 figures. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 295%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, plant-growth regulators exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 312% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Poland (X tons) were the main destinations of plant-growth regulators exports from Romania, with a combined 64% share of total exports. Hungary, Moldova, Austria and Ukraine lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +82.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plant-growth regulators exported from Romania were Bulgaria ($X), Germany ($X) and Hungary ($X), with a combined 60% share of total exports. Moldova, Poland, Austria and Ukraine lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Austria, with a CAGR of +70.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, shrinking by -2.4% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Ukraine ($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 Moldova (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Plant-Growth Regulators Imports

Imports into Romania

In 2022, approx. X tons of plant-growth regulators were imported into Romania; with an increase of 21% compared with the previous year. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 -7.6% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +31.6% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of plant-growth regulators to Romania, with a 30% share of total imports. Moreover, plant-growth regulators imports from France exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.9% per year) and Germany (+0.2% per year).

In value terms, France ($X) constituted the largest supplier of plant-growth regulators to Romania, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Poland, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and Poland (+22.1% per year).

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, which is down by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform