ASEAN: Plant-Growth Regulators Market 2022

Plant-Growth Regulators Market Size in ASEAN

Overall, consumption saw a relatively flat trend pattern.

Plant-Growth Regulators Exports

Exports by Country

China dominates exports structure, recording X tons, which was near 53% of total exports in 2021. It was distantly followed by the United States (X tons), India (X tons) and Belgium (X tons), together generating a 19% share of total exports. France (X tons), Germany (X tons), Malaysia (X tons), the UK (X tons), Israel (X tons), Ireland (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to plant-growth regulators exports from China stood at +9.6%. At the same time, India (+19.7%), Ireland (+9.8%), Malaysia (+9.8%) and the UK (+1.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.7% from 2012-2021. Germany and the United States experienced a relatively flat trend pattern. By contrast, France (-1.5%), Belgium (-2.2%), Israel (-4.5%) and Argentina (-12.7%) illustrated a downward trend over the same period. China (+17 p.p.) and India (+4.6 p.p.) significantly strengthened its position in terms of the global exports, while Germany, Israel, Argentina, France, the United States and Belgium saw its share reduced by -1.6%, -2.2%, -2.4%, -3.3%, -4.9% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest plant-growth regulators supplier from X, comprising 31% of global exports. The second position in the ranking was held by India ($X), with an 11% share of global exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +12.3%. In the other countries, the average annual rates were as follows: India (+24.8% per year) and the United States (+1.3% per year).

Export Prices by Country

In 2021, the export price in X amounted to less than $X per ton, flattening at the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.5%), while the other leaders experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports by Country

Australia (X tons), Brazil (X tons), Canada (X tons) and Nigeria (X tons) represented roughly 29% of total imports in 2021. The United States (X tons), Ukraine (X tons), France (X tons), Thailand (X tons), India (X tons), Ghana (X tons), Germany (X tons), Indonesia (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators importing markets into X were Brazil ($X), Canada ($X) and Australia ($X), together accounting for 22% of total imports. France, Germany, Ukraine, the United States, India, Nigeria, Argentina, Thailand, Indonesia and Ghana lagged somewhat behind, together accounting for a further 27%.

India, with a CAGR of +14.8%, saw the highest rates of growth with regard to 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 X stood at less than $X per ton in 2021, approximately reflecting the previous year. In general, the import price showed a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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