Dominican Republic - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPyrethrum and Peppermint Price in the Dominican Republic - 2023
Contents:
- Pyrethrum and Peppermint Price in the Dominican Republic (FOB) - 2023
- Pyrethrum and Peppermint Price in the Dominican Republic (CIF) - 2022
- Pyrethrum and Peppermint Exports in the Dominican Republic
- Pyrethrum and Peppermint Imports in the Dominican Republic
Pyrethrum and Peppermint Price in the Dominican Republic (FOB) - 2023
In March 2023, the average pyrethrum and peppermint export price amounted to $1,026 per ton, which is down by -10.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 22% m-o-m. As a result, the export price attained the peak level of $1,169 per ton. From November 2022 to March 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($3,485 per ton), while the average price for exports to the United States ($409 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.2%), while the prices for the other major destinations experienced a decline.
Pyrethrum and Peppermint Price in the Dominican Republic (CIF) - 2022
The average pyrethrum and peppermint import price stood at $5,976 per ton in 2022, reducing by -2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $6,566 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($56,049 per ton), while the price for India ($1,402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pyrethrum and Peppermint Exports in the Dominican Republic
In 2022, the amount of pyrethrum and peppermint exported from the Dominican Republic shrank to 1.2K tons, falling by -10.4% compared with the year before. Over the period under review, exports continue to indicate a abrupt shrinkage. The smallest decline of -10% was in 2021.
In value terms, pyrethrum and peppermint exports reduced sharply to $1.2M in 2022. In general, exports faced a dramatic shrinkage. The smallest decline of -14% was in 2021.
Export of Pyrethrum and Peppermint in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 815 | 750 | 861 | 785 | -1.2% |
United States | 1,294 | 1,186 | 948 | 315 | -37.6% |
United Kingdom | 453 | 2.8 | 13.9 | 39.1 | -55.8% |
Turks and Caicos Islands | 31.5 | 93.1 | 1.7 | 12.9 | -25.7% |
Mexico | N/A | 133 | N/A | N/A | 0% |
Others | 339 | 111 | 132 | 44.4 | -49.2% |
Total | 2,931 | 2,276 | 1,957 | 1,196 | -25.8% |
Top Export Markets for Pyrethrum and Peppermint from the Dominican Republic in 2022:
- Canada (805.6 tons)
- United States (368.0 tons)
- Turks and Caicos Islands (29.1 tons)
- United Kingdom (27.8 tons)
Pyrethrum and Peppermint Imports in the Dominican Republic
In 2022, pyrethrum and peppermint imports into the Dominican Republic reached 183 tons, surging by 9.7% on the previous year's figure. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, pyrethrum and peppermint imports rose rapidly to $1.1M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Pyrethrum and Peppermint in the Dominican Republic (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 53.9 | 109 | 184 | 176 | 48.4% |
Bulgaria | 137 | 118 | 215 | 150 | 3.1% |
Costa Rica | 58.8 | 105 | 134 | 145 | 35.1% |
Spain | 76.0 | 75.7 | 77.3 | 124 | 17.7% |
Italy | 0.1 | 60.9 | 94.6 | 72.0 | 796.3% |
India | 18.1 | 42.0 | 40.5 | 68.7 | 56.0% |
Turkey | 29.1 | 52.6 | 93.2 | 55.9 | 24.3% |
China | N/A | 6.8 | 10.1 | 42.3 | 149.4% |
Thailand | 198 | N/A | N/A | N/A | 0% |
Others | 220 | 172 | 177 | 259 | 5.6% |
Total | 792 | 741 | 1,026 | 1,093 | 11.3% |
Top Suppliers of Pyrethrum and Peppermint to the Dominican Republic in 2022:
- India (49.0 tons)
- Egypt (40.0 tons)
- Turkey (21.2 tons)
- Bulgaria (19.5 tons)
- Italy (13.4 tons)
- China (10.9 tons)
- Costa Rica (10.7 tons)
- Spain (5.5 tons)
This report provides an in-depth analysis of the pyrethrum and peppermint market in the Dominican Republic. 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:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- 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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Global pyrethrum consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global pyrethrum market stood at X tons in 2015, equaling approx. X thousand USD. From 2007 to 2015, the global pyrethrum market showed overall downward dynamics. A significant drop in 2009
The volume of global imports on the pyrethrum market totaled X tons in 2015. Import dynamics were generally in line with exports, as these trade flows globally complement each other. Following the high trade intensity, imports accounted for about
From 2007 to 2015, the global pyrethrum market showed overall downward dynamics. A significant drop in 2009 (X% Y-o-Y) was followed by a mild recovery. Despite a healthy annual increase over the recovery period from 2010 to 2015, the market failed to
Global production of pyrethrum was estimated at X thousand USD in 2015, which was X thousand USD more than in 2014, and X thousand USD (or X%) less than the peak production level recorded in 2008.
Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
Global sunflower-seed and safflower oil consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
In 2015, the countries with the highest levels of sunflower-seed and safflower oil production were Ukraine (X thousand tons), Russia (X thousand tons), Turkey (X thousand tons), together accounting for X% of total output.
Ukraine dominates in the global trade of sunflower-seed and safflower oil. In 2014, Ukraine exported X thousand tons of sunflower-seed and safflower oil totaling X USD, X% over the previous year. Its primary trading partner was India, where i
Global pyrethrum consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.