Europe: Plant-Growth Regulators Market 2022

Plant-Growth Regulators Market Size in Europe

The Europe plant-growth regulators market declined to $X in 2021, which is down by -1.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 9.6% against the previous year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Plant-Growth Regulators Production in Europe

In value terms, plant-growth regulators production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Plant-Growth Regulators Exports

Exports in Europe

In 2021, the amount of plant-growth regulators exported in Europe stood at X tons, increasing by 2.8% on the previous year. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 26% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, plant-growth regulators exports totaled $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 15%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Belgium (X tons), distantly followed by Germany (X tons), the UK (X tons), Ireland (X tons), Hungary (X tons), Poland (X tons) and Austria (X tons) represented the major exporters of plant-growth regulators, together making up 82% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +12.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Hungary ($X) were the countries with the highest levels of exports in 2021, with a combined 56% share of total exports.

Hungary, with a CAGR of +15.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, with an increase of 7.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.6%), while the other leaders experienced more modest paces of growth.

Plant-Growth Regulators Imports

Imports in Europe

In 2021, approx. X tons of plant-growth regulators were imported in Europe; falling by -3.1% against 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, plant-growth regulators imports expanded notably to $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the UK (X tons), Spain (X tons), Poland (X tons), Italy (X tons), Belgium (X tons), Romania (X tons), the Netherlands (X tons), Hungary (X tons), Denmark (X tons), Greece (X tons) and Bulgaria (X tons) represented roughly 78% of total imports in 2021. Turkey (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (with a CAGR of +4.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plant-growth regulators importing markets in Europe were Germany ($X), Poland ($X) and Spain ($X), together accounting for 32% of total imports. Italy, the UK, Romania, Belgium, the Netherlands, Denmark, Hungary, Bulgaria, Turkey and Greece lagged somewhat behind, together comprising a further 47%.

Romania, with a CAGR of +6.2%, recorded the highest growth rate of 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 Europe stood at $X per ton in 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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