Global Plant-Growth Regulators Market 2025

Plant-Growth Regulators Market Size

In 2022, the global plant-growth regulators market increased by 0.3% to $X, rising for the sixth consecutive year after three years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plant-Growth Regulators Production

In value terms, plant-growth regulators production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 12%. Over the period under review, global production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plant-Growth Regulators Exports

Exports

In 2022, shipments abroad of plant-growth regulators increased by 9% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 23%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plant-growth regulators exports surged to $X in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 54% of total exports in 2022. The United States (X tons) ranks second in terms of the total exports with a 7.2% share, followed by India (7.1%) and Belgium (4.9%). France (X tons), Germany (X tons), Malaysia (X tons) and Israel (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.9% from 2012 to 2022. At the same time, India (+19.4%), Malaysia (+9.0%) and Germany (+1.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.4% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Israel (-1.9%), Belgium (-2.1%) and France (-3.0%) illustrated a downward trend over the same period. China (+18 p.p.) and India (+5 p.p.) significantly strengthened its position in terms of the global exports, while Israel, France, the United States and Belgium saw its share reduced by -2%, -4.3%, -4.9% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plant-growth regulators supplier worldwide, comprising 38% of global exports. The second position in the ranking was taken by India ($X), with an 11% share of global exports. It was followed by the United States, with a 9.6% share.

In China, plant-growth regulators exports expanded at an average annual rate of +16.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+26.1% per year) and the United States (+3.5% per year).

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, surging by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Malaysia ($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 (+6.0%), while the other global leaders experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports

In 2022, supplies from abroad of plant-growth regulators increased by 14% 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 +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, plant-growth regulators imports surged to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +62.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons), distantly followed by Australia (X tons) and Canada (X tons) were the main importers of plant-growth regulators, together comprising 29% of total imports. The following importers - Nigeria (X tons), the United States (X tons), Thailand (X tons), France (X tons), Argentina (X tons), Ghana (X tons), Ukraine (X tons), South Africa (X tons), Germany (X tons) and the UK (X tons) - together made up 27% of total imports.

Brazil was also the fastest-growing in terms of the plant-growth regulators imports, with a CAGR of +18.7% from 2012 to 2022. At the same time, the United States (+9.4%), Australia (+9.3%), South Africa (+6.7%), Nigeria (+5.0%), the UK (+3.5%), Canada (+2.1%) and Argentina (+2.1%) displayed positive paces of growth. Ghana, France and Ukraine experienced a relatively flat trend pattern. By contrast, Germany (-1.1%) and Thailand (-2.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Australia increased by +11 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported plant-growth regulators worldwide, comprising 18% of global imports. The second position in the ranking was taken by Canada ($X), with a 6.3% share of global imports. It was followed by Australia, with a 5.7% share.

In Brazil, plant-growth regulators imports increased at an average annual rate of +21.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+6.4% per year) and Australia (+11.2% per year).

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform