Africa: Plant-Growth Regulators Market 2024

Plant-Growth Regulators Market Size in Africa

The African plant-growth regulators market soared to $X in 2022, rising by X% against the previous year. The total consumption indicated a buoyant expansion 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plant-Growth Regulators Production in Africa

In value terms, plant-growth regulators production stood at $X in 2022 estimated in export price. Over the period under review, production saw a slight increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plant-Growth Regulators Exports

Exports in Africa

In 2022, the amount of plant-growth regulators exported in Africa declined rapidly to X tons, reducing by X% on the previous year's figure. Overall, exports showed a pronounced curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plant-growth regulators exports declined dramatically to $X in 2022. Over the period under review, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plant-growth regulators exports from South Africa stood at X%. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal and Cote d'Ivoire increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest plant-growth regulators supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a mild decrease. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 South Africa ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Plant-Growth Regulators Imports

Imports in Africa

In 2022, the amount of plant-growth regulators imported in Africa reduced to X tons, declining by X% compared with the previous year. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, plant-growth regulators imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) represented the major importer of plant-growth regulators, achieving X% of total imports. Ghana (X tons) took the second position in the ranking, followed by South Africa (X tons), Cote d'Ivoire (X tons) and Cameroon (X tons). All these countries together held approx. X% share of total imports. The following importers - Tanzania (X tons), Guinea (X tons), Sudan (X tons) and Zambia (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%), Cote d'Ivoire (X%), Cameroon (X%), Sudan (X%), Guinea (X%), Zambia (X%), South Africa (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cote d'Ivoire, Cameroon and Tanzania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), South Africa ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up 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 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 Zambia ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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