Slovakia: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Slovakia

The Slovak plant-growth regulators market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Slovakia

In 2022, the amount of plant-growth regulators exported from Slovakia shrank markedly to X tons, with a decrease of -22.1% on 2021 figures. Overall, exports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2014 with an increase of 132%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, plant-growth regulators exports declined markedly to $X in 2022. Over the period under review, exports, however, saw mild growth. The most prominent rate of growth was recorded in 2014 when exports increased by 147%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main destinations of plant-growth regulators exports from Slovakia, together comprising 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plant-growth regulators exported from Slovakia were Poland ($X), Germany ($X) and the Czech Republic ($X), with a combined 88% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plant-growth regulators export price amounted to $X per ton, with a decrease of -14% against the previous year. In general, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Poland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.9%), while the prices for the other major destinations experienced a decline.

Plant-Growth Regulators Imports

Imports into Slovakia

In 2022, purchases abroad of plant-growth regulators was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.3% 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 was the most pronounced in 2013 with an increase of 38% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plant-growth regulators imports rose significantly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 18%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Belgium (X tons) and Ireland (X tons) were the main suppliers of plant-growth regulators imports to Slovakia, together accounting for 49% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +52.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest plant-growth regulators suppliers to Slovakia, together accounting for 53% of total imports. Poland, the Czech Republic, Israel, Ireland, Slovenia, Hungary, Austria, Italy and the UK lagged somewhat behind, together comprising a further 27%.

Ireland, with a CAGR of +48.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, waning by -5.4% against the previous year. In general, the import price saw a perceptible reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform