Report Update: Apr 1, 2024

Slovakia - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights

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Pyrethrum and Peppermint Price in Slovakia - 2023

Pyrethrum and Peppermint Price in Slovakia (CIF) - 2023

The average pyrethrum and peppermint import price stood at $5,812 per ton in August 2023, increasing by 6.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 45% against the previous month. The import price peaked at $7,291 per ton in November 2022; however, from December 2022 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($11,702 per ton), while the price for Bulgaria ($2,537 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Pyrethrum and Peppermint Price in Slovakia (FOB) - 2023

The average pyrethrum and peppermint export price stood at $13,763 per ton in August 2023, picking up by 292% against the previous month. Over the period under review, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in November 2022 an increase of 310% m-o-m. The export price peaked in August 2023.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Poland ($55,388 per ton), while the average price for exports to Hungary ($5,414 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum and Peppermint Imports in Slovakia

In 2022, the amount of pyrethrum and peppermint imported into Slovakia amounted to 809 tons, remaining stable against 2021 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of 819 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pyrethrum and peppermint imports dropped slightly to $5.4M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports reached the peak of $5.6M, and then shrank slightly in the following year.

Import of Pyrethrum and Peppermint in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	902	1,181	1,412	1,102	6.9%
Poland	597	482	334	401	-12.4%
Hungary	229	226	250	317	11.4%
Netherlands	514	371	339	307	-15.8%
Kenya	23.9	114	154	247	117.8%
Germany	464	380	476	207	-23.6%
El Salvador	N/A	N/A	N/A	179	0%
India	184	187	198	169	-2.8%
Turkey	174	123	102	115	-12.9%
Ukraine	65.4	81.7	98.7	114	20.3%
Spain	18.4	173	49.4	111	82.0%
Bulgaria	59.0	96.5	104	77.5	9.5%
Egypt	55.2	43.8	52.0	76.7	11.6%
Others	1,117	1,289	2,005	2,027	22.0%
Total	4,403	4,749	5,574	5,449	7.4%

Top Suppliers of Pyrethrum and Peppermint to Slovakia in 2022:

Czech Republic (182.2 tons)
Poland (114.8 tons)
Hungary (50.5 tons)
Netherlands (29.8 tons)
Germany (26.6 tons)
Turkey (26.3 tons)
Bulgaria (26.1 tons)
Egypt (25.3 tons)
India (23.7 tons)
Ukraine (23.4 tons)
El Salvador (21.5 tons)
Kenya (17.1 tons)
Spain (15.9 tons)

Pyrethrum and Peppermint Exports in Slovakia

In 2022, shipments abroad of pyrethrum and peppermint decreased by -2.6% to 570 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 660% against the previous year. As a result, the exports reached the peak of 921 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports expanded modestly to $2M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 328% against the previous year. As a result, the exports attained the peak of $3.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Pyrethrum and Peppermint in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	499	2,954	1,219	1,041	27.8%
Hungary	24.4	283	404	666	201.1%
Australia	N/A	22.5	63.4	65.4	70.5%
Others	266	126	231	217	-6.6%
Total	790	3,385	1,917	1,989	36.0%

Top Export Markets for Pyrethrum and Peppermint from Slovakia in 2022:

Czech Republic (472.1 tons)
Hungary (78.3 tons)
Australia (8.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pyrethrum and peppermint market in Slovakia. 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:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023