Singapore: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Singapore

In 2022, the Singaporean plant-growth regulators market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, posted a remarkable increase. Plant-growth regulators consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plant-Growth Regulators Production in Singapore

In value terms, plant-growth regulators production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Plant-Growth Regulators Exports

Exports from Singapore

Plant-growth regulators exports from Singapore skyrocketed to X tons in 2022, picking up by X% on 2021. Overall, exports, however, showed a deep slump. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, plant-growth regulators exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced curtailment. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Sri Lanka (X tons) were the main destinations of plant-growth regulators exports from Singapore, together comprising X% of total exports. Ethiopia, Bangladesh, Malaysia, Thailand and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for plant-growth regulators exported from Singapore were Indonesia ($X), Vietnam ($X) and Sri Lanka ($X), together accounting for X% of total exports. Ethiopia, Bangladesh, Thailand, Malaysia and China lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Ethiopia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plant-growth regulators export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plant-growth regulators export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

Plant-Growth Regulators Imports

Imports into Singapore

In 2022, purchases abroad of plant-growth regulators was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plant-growth regulators supplier to Singapore, with a X% share of total imports. Moreover, plant-growth regulators imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), sixfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of plant-growth regulators to Singapore, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the average plant-growth regulators import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plant-growth regulators import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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