Sweden: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Sweden

In 2022, the Swedish plant-growth regulators market increased by 25% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.9% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Plant-Growth Regulators Exports

Exports from Sweden

In 2022, overseas shipments of plant-growth regulators decreased by -18.9% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 181%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plant-growth regulators exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 45% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for plant-growth regulators exports from Sweden, with a 60% share of total exports. Moreover, plant-growth regulators exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+13.1% per year) and Finland (+3.4% per year).

In value terms, Denmark ($X) remains the key foreign market for plant-growth regulators exports from Sweden, comprising 57% of total exports. The second position in the ranking was held by Norway ($X), with a 15% share of total exports. It was followed by Finland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.6% per year) and Finland (+5.9% per year).

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, surging by 16% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Norway ($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 Finland (+2.5%), while the prices for the other major destinations experienced a decline.

Plant-Growth Regulators Imports

Imports into Sweden

In 2022, purchases 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 +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +71.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Denmark (X tons), Austria (X tons) and Belgium (X tons) were the main suppliers of plant-growth regulators imports to Sweden, together comprising 74% of total imports. The Netherlands, Ireland and Germany lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +29.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of plant-growth regulators to Sweden, comprising 57% of total imports. The second position in the ranking was taken by Austria ($X), with a 10% share of total imports. It was followed by Belgium, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.0% per year) and Belgium (+1.0% per year).

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, with an increase of 5.2% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Austria ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform