Norway - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPyrethrum and Peppermint Price in Norway - 2023
Contents:
- Pyrethrum and Peppermint Price in Norway (CIF) - 2023
- Pyrethrum and Peppermint Price in Norway (FOB) - 2022
- Pyrethrum and Peppermint Imports in Norway
- Pyrethrum and Peppermint Exports in Norway
Pyrethrum and Peppermint Price in Norway (CIF) - 2023
In September 2023, the average pyrethrum and peppermint import price amounted to $11,020 per ton, falling by -3.1% against the previous month. Over the period under review, the import price saw a slight curtailment. The growth pace was the most rapid in May 2023 an increase of 26% month-to-month. Over the period under review, average import prices hit record highs at $12,610 per ton in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($22,505 per ton), while the price for France ($2,100 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ethiopia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Pyrethrum and Peppermint Price in Norway (FOB) - 2022
The average pyrethrum and peppermint export price stood at $12,849 per ton in 2022, surging by 6.3% against the previous year. In general, the export price, however, faced a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 1,103%. The export price peaked at $58,242 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +4.0% per year.
Pyrethrum and Peppermint Imports in Norway
In 2022, after three years of growth, there was significant decline in purchases abroad of pyrethrum and peppermint, when their volume decreased by -13% to 621 tons. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
In value terms, pyrethrum and peppermint imports contracted slightly to $6.8M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of $7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Pyrethrum and Peppermint in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 786 | 721 | 888 | 855 | 2.8% |
| Spain | 685 | 815 | 975 | 843 | 7.2% |
| Denmark | 398 | 730 | 391 | 705 | 21.0% |
| India | 173 | 602 | 510 | 635 | 54.3% |
| Kenya | 214 | 191 | 337 | 560 | 37.8% |
| Turkey | 325 | 356 | 459 | 442 | 10.8% |
| Netherlands | 86.3 | 362 | 222 | 285 | 48.9% |
| Germany | 182 | 147 | 466 | 242 | 10.0% |
| Chile | 194 | 251 | 311 | 237 | 6.9% |
| Israel | 271 | 174 | 153 | 236 | -4.5% |
| Ethiopia | 134 | 112 | 155 | 222 | 18.3% |
| Egypt | 83.5 | 104 | 129 | 126 | 14.7% |
| Sweden | 69.0 | 67.3 | 167 | 90.1 | 9.3% |
| Others | 1,089 | 2,360 | 1,801 | 1,307 | 6.3% |
| Total | 4,689 | 6,993 | 6,964 | 6,785 | 13.1% |
Top Suppliers of Pyrethrum and Peppermint to Norway in 2022:
- Spain (155.6 tons)
- Thailand (98.6 tons)
- India (56.2 tons)
- Turkey (44.5 tons)
- Kenya (44.1 tons)
- Denmark (32.0 tons)
- Ethiopia (22.9 tons)
- Germany (21.5 tons)
- Netherlands (19.7 tons)
- Egypt (17.5 tons)
- Israel (13.6 tons)
- Sweden (10.3 tons)
- Chile (9.9 tons)
Pyrethrum and Peppermint Exports in Norway
In 2022, shipments abroad of pyrethrum and peppermint decreased by -33.9% to 32 tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 4,432%. As a result, the exports attained the peak of 53 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pyrethrum and peppermint exports dropped dramatically to $415K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 879%.
| Export of Pyrethrum and Peppermint in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 472 | 551 | 407 | -7.1% |
| Others | 48.6 | 3.9 | 39.0 | 7.6 | -46.1% |
| Total | 48.6 | 476 | 590 | 415 | 104.4% |
Top Export Markets for Pyrethrum and Peppermint from Norway in 2022:
- Sweden (32.1 tons)
This report provides an in-depth analysis of the pyrethrum and peppermint market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 754 - Pyrethrum, dried flowers
- FCL 748 - Peppermint, Spearmint
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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