United Arab Emirates: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in the United Arab Emirates

The plant-growth regulators market in the United Arab Emirates skyrocketed to $X in 2022, picking up by 33% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -29.6% against 2018 indices. Plant-growth regulators consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Plant-Growth Regulators Production in the United Arab Emirates

In value terms, plant-growth regulators production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 49% against the previous year. Plant-growth regulators production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of plant-growth regulators decreased by -73.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 734%. The exports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, plant-growth regulators exports fell markedly to $X in 2022. Over the period under review, exports, however, saw a slight increase. The pace of growth was the most pronounced in 2014 with an increase of 564%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for plant-growth regulators exports from the United Arab Emirates, with a 61% share of total exports. Moreover, plant-growth regulators exports to Kazakhstan exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled +201.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+8.7% per year) and Germany (+224.6% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for plant-growth regulators exports from the United Arab Emirates, comprising 62% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 24% share of total exports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +190.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+11.5% per year) and Germany (+135.2% per year).

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, picking up by 129% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2015; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Tanzania ($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 Uzbekistan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports into the United Arab Emirates

After three years of growth, overseas purchases of plant-growth regulators decreased by -10.9% to X tons in 2022. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 337% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, plant-growth regulators imports shrank remarkably to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

China (X tons), India (X tons) and Italy (X tons) were the main suppliers of plant-growth regulators imports to the United Arab Emirates, together comprising 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators suppliers to the United Arab Emirates were China ($X), India ($X) and Italy ($X), with a combined 88% share of total imports.

Among the main suppliers, Italy, with a CAGR of +37.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plant-growth regulators import price stood at $X per ton in 2022, which is down by -8.5% against the previous year. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in 2019 an increase of 69%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform