Scandinavia: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Scandinavia

In 2022, after two years of growth, there was significant decline in the Scandinavia plant-growth regulators market, when its value decreased by -55.7% to $X. In general, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Plant-Growth Regulators Production in Scandinavia

In value terms, plant-growth regulators production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 55% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell in the following year.

Plant-Growth Regulators Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded decline in overseas shipments of plant-growth regulators, which decreased by -35.2% to X tons in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 295% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plant-growth regulators exports reduced notably to $X in 2022. Overall, exports, however, saw prominent growth. The growth pace was the most rapid in 2015 when exports increased by 106%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Norway represented the largest exporting country with an export of around X tons, which recorded 65% of total exports. It was distantly followed by Sweden (X tons), committing a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Norway (with a CAGR of +34.9%).

In value terms, the largest plant-growth regulators supplying countries in Scandinavia were Norway ($X) and Sweden ($X).

Among the main exporting countries, Norway, with a CAGR of +26.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2013 an increase of 60% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-5.6%).

Plant-Growth Regulators Imports

Imports in Scandinavia

In 2022, supplies from abroad of plant-growth regulators increased by 12% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 34%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Sweden (X tons) and Finland (X tons) represented roughly 79% of total imports in 2022. It was distantly followed by Norway (X tons), committing a 21% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +4.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Norway, with a CAGR of +3.7%, recorded the highest growth rate of 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 Scandinavia stood at $X per ton in 2022, surging by 3.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform