Australia and Oceania: Pyrethrum And Peppermint Market 2022

Pyrethrum And Peppermint Market Size in Australia and Oceania

The pyrethrum and peppermint market in Australia and Oceania reached $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Pyrethrum And Peppermint Production in Australia and Oceania

In value terms, pyrethrum and peppermint production fell modestly to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Production By Country in Australia and Oceania

Papua New Guinea (X tonnes) constituted the country with the largest volume of pyrethrum and peppermint production, accounting for X% of total volume.

In Papua New Guinea, pyrethrum and peppermint production remained relatively stable over the period from 2012-2021.

Pyrethrum And Peppermint Exports

Exports in Australia and Oceania

In 2021, the amount of pyrethrum and peppermint exported in Australia and Oceania surged to X tonnes, picking up by X% against the previous year. Overall, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, the exports reached the peak figure at X tonnes in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports shrank dramatically to $X in 2021. Total exports indicated mild growth from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. The level of export peaked at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Australia prevails in pyrethrum and peppermint exports structure, amounting to X tonnes, which was near X% of total exports in 2021. It was distantly followed by New Zealand (X tonnes), constituting a X% share of total exports. Papua New Guinea (X tonnes) took a little share of total exports.

Exports from Australia decreased at an average annual rate of -X% from 2012 to 2021. Papua New Guinea (-X%) and New Zealand (-X%) illustrated a downward trend over the same period. While the share of Australia (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest pyrethrum and peppermint supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

In Australia, pyrethrum and peppermint exports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-X% per year) and Papua New Guinea (-X% per year).

Export Prices by Country

In 2021, the pyrethrum and peppermint export price in Australia and Oceania amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne, and then declined dramatically in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($X per tonne), while Papua New Guinea ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+X%), while the other leaders experienced mixed trends in the export price figures.

Pyrethrum And Peppermint Imports

Imports in Australia and Oceania

In 2021, purchases abroad of pyrethrum and peppermint decreased by -X% to X tonnes for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes, and then reduced in the following year.

In value terms, pyrethrum and peppermint imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Australia represented the main importing country with an import of about X tonnes, which reached X% of total imports. Fiji (X tonnes) ranks second in terms of the total imports with a X% share, followed by New Zealand (X%). Kiribati (X tonnes) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +X% from 2012 to 2021. At the same time, New Zealand (+X%) and Fiji (+X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2012-2021. By contrast, Kiribati (-X%) illustrated a downward trend over the same period. Australia (+X p.p.), Fiji (+X p.p.) and New Zealand (+X p.p.) significantly strengthened its position in terms of the total imports, while Kiribati saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported pyrethrum and peppermint in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with an X% share of total imports. It was followed by Fiji, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +X%. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and Fiji (+X% per year).

Import Prices by Country

The pyrethrum and peppermint import price in Australia and Oceania stood at $X per tonne in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per tonne), while Kiribati ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform