Argentina: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Argentina

The Argentinian pyrethrum and peppermint market declined to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Pyrethrum And Peppermint Production in Argentina

In value terms, pyrethrum and peppermint production dropped to $X in 2022 estimated in export price. Overall, production recorded a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from Argentina

In 2022, approx. X tons of pyrethrum and peppermint were exported from Argentina; surging by X% on the year before. Overall, exports, however, saw a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for pyrethrum and peppermint exports from Argentina, accounting for a X% share of total exports. Moreover, pyrethrum and peppermint exports to Brazil exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by Paraguay (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Paraguay (X% per year).

In value terms, Italy ($X), Brazil ($X) and Paraguay ($X) were the largest markets for pyrethrum and peppermint exported from Argentina worldwide, together comprising X% of total exports. Chile, Spain, Uruguay and the United States lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pyrethrum and peppermint export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Argentina

In 2022, after two years of growth, there was significant decline in supplies from abroad of pyrethrum and peppermint, when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, pyrethrum and peppermint imports expanded slightly to $X in 2022. Overall, total imports indicated a moderate increase 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Chile (X tons), Egypt (X tons) and Peru (X tons) were the main suppliers of pyrethrum and peppermint imports to Argentina, with a combined X% share of total imports. Paraguay, Bulgaria, India, China, Germany, Ecuador, Mexico and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of pyrethrum and peppermint to Argentina, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with an X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Bulgaria (X% per year).

Import Prices by Country

The average pyrethrum and peppermint import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :