CIS: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in CIS

In 2022, the CIS plant-growth regulators market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a mild downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Plant-Growth Regulators Production in CIS

In value terms, plant-growth regulators production totaled $X in 2022 estimated in export price. In general, production, however, recorded a perceptible decline. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plant-Growth Regulators Exports

Exports in CIS

In 2022, overseas shipments of plant-growth regulators decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, plant-growth regulators exports surged to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) and Belarus (X tons) dominates exports structure, together generating X% of total exports. Uzbekistan (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Uzbekistan ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Uzbekistan, with a CAGR of X%, 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 the CIS stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a slight curtailment. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced a decline in the export price figures.

Plant-Growth Regulators Imports

Imports in CIS

In 2022, supplies from abroad of plant-growth regulators increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia represented the major importer of plant-growth regulators in the CIS, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Kazakhstan (X tons) took the second position in the ranking, distantly followed by Belarus (X tons). All these countries together held near X% share of total imports. Moldova (X tons) and Uzbekistan (X tons) took a minor share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%), Kazakhstan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Moldova (X p.p.) and Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported plant-growth regulators in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, plant-growth regulators imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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