Pakistan - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPyrethrum and Peppermint Price in Pakistan - 2023
Contents:
- Pyrethrum and Peppermint Price in Pakistan (FOB) - 2023
- Pyrethrum and Peppermint Price in Pakistan (CIF) - 2023
- Pyrethrum and Peppermint Exports in Pakistan
- Pyrethrum and Peppermint Imports in Pakistan
Pyrethrum and Peppermint Price in Pakistan (FOB) - 2023
In April 2023, the average pyrethrum and peppermint export price amounted to $911 per ton, remaining constant against the previous month. Over the period under review, the export price, however, saw a noticeable slump. The pace of growth appeared the most rapid in February 2023 an increase of 40% m-o-m. As a result, the export price reached the peak level of $1,441 per ton. From March 2023 to April 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($1,300 per ton), while the average price for exports to Bangladesh ($505 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.
Pyrethrum and Peppermint Price in Pakistan (CIF) - 2023
In April 2023, the average pyrethrum and peppermint import price amounted to $345 per ton, increasing by 5.5% against the previous month. Over the period under review, the import price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in July 2022 an increase of 45% against the previous month. The import price peaked at $640 per ton in August 2022; however, from September 2022 to April 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Vietnam ($613 per ton), while the price for Afghanistan ($247 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Pyrethrum and Peppermint Exports in Pakistan
In 2022, after three years of growth, there was significant decline in shipments abroad of pyrethrum and peppermint, when their volume decreased by -24.6% to 12K tons. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 15K tons, and then dropped notably in the following year.
In value terms, pyrethrum and peppermint exports reduced notably to $12M in 2022. Over the period under review, exports, however, recorded a moderate increase. The growth pace was the most rapid in 2021 when exports increased by 114%. As a result, the exports reached the peak of $24M, and then contracted notably in the following year.
| Export of Pyrethrum and Peppermint in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 754 | 1,144 | 323 | 12,455 | 154.7% |
| South Korea | 1,120 | 640 | 962 | N/A | -7.3% |
| Taiwan (Chinese) | 587 | 397 | 303 | N/A | -28.2% |
| China | 318 | 1,166 | 766 | N/A | 55.2% |
| Vietnam | 635 | 1,130 | 733 | N/A | 7.4% |
| Sri Lanka | 1,637 | 915 | 1,894 | N/A | 7.6% |
| India | 709 | N/A | N/A | N/A | 0% |
| Indonesia | 512 | 361 | 396 | N/A | -12.1% |
| United Arab Emirates | 272 | 256 | 301 | N/A | 5.2% |
| Egypt | 662 | 165 | 297 | N/A | -33.0% |
| Bangladesh | 485 | 331 | 724 | N/A | 22.2% |
| Nepal | 596 | 936 | 1,230 | N/A | 43.7% |
| Saudi Arabia | 717 | 420 | 609 | N/A | -7.8% |
| Others | 2,480 | 3,233 | 15,178 | N/A | 147.4% |
| Total | 11,483 | 11,094 | 23,716 | 12,455 | 2.7% |
Top Export Markets for Pyrethrum and Peppermint from Pakistan in 2022:
- Myanmar (11.6K tons)
Pyrethrum and Peppermint Imports in Pakistan
In 2022, purchases abroad of pyrethrum and peppermint decreased by -17.6% to 12K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 -21.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. As a result, imports reached the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, pyrethrum and peppermint imports fell dramatically to $5.9M in 2022. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
| Import of Pyrethrum and Peppermint in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 121 | 83.4 | 53.7 | 5,907 | 265.5% |
| India | 4,354 | 171 | 115 | N/A | -83.7% |
| China | 200 | 549 | 593 | N/A | 72.2% |
| Vietnam | 474 | 421 | 611 | N/A | 13.5% |
| Montenegro | N/A | 229 | 178 | N/A | -22.3% |
| Nepal | N/A | 504 | 761 | N/A | 51.0% |
| United Arab Emirates | 200 | 585 | 1,675 | N/A | 189.4% |
| Iran | 220 | 144 | 238 | N/A | 4.0% |
| Afghanistan | 606 | 2,375 | 1,317 | N/A | 47.4% |
| Turkey | 907 | 1,381 | 1,433 | N/A | 25.7% |
| Others | 640 | 449 | 732 | N/A | 6.9% |
| Total | 7,723 | 6,891 | 7,707 | 5,907 | -8.5% |
Top Suppliers of Pyrethrum and Peppermint to Pakistan in 2022:
- Myanmar (11.8K tons)
This report provides an in-depth analysis of the pyrethrum and peppermint market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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