Croatia: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Croatia

In 2022, the Croatian pyrethrum and peppermint market decreased by X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption faced a dramatic contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Croatia

In value terms, pyrethrum and peppermint production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Pyrethrum and peppermint production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pyrethrum And Peppermint Exports

Exports from Croatia

In 2022, shipments abroad of pyrethrum and peppermint increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, pyrethrum and peppermint exports contracted slightly to $X in 2022. In general, exports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

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

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

In value terms, Germany ($X) remains the key foreign market for pyrethrum and peppermint exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

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

Export Prices by Country

In 2022, the average pyrethrum and peppermint export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Spain ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Croatia

In 2022, after six years of growth, there was significant decline in supplies from abroad of pyrethrum and peppermint, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, pyrethrum and peppermint imports shrank to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Bulgaria (X tons), Poland (X tons) and Nigeria (X tons) were the main suppliers of pyrethrum and peppermint imports to Croatia, with a combined X% share of total imports. Germany, Albania, Egypt, the Netherlands, Hungary, Italy, Serbia, Austria and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Croatia were Bulgaria ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports. Austria, Albania, the Netherlands, Hungary, Serbia, Switzerland, Italy, Egypt and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pyrethrum and peppermint import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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