Dominican Republic: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in the Dominican Republic

The Dominican pyrethrum and peppermint market totaled $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Pyrethrum And Peppermint Production in the Dominican Republic

In value terms, pyrethrum and peppermint production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Pyrethrum And Peppermint Exports

Exports from the Dominican Republic

In 2022, overseas shipments of pyrethrum and peppermint decreased by X% to X tons, falling for the seventh consecutive year after four years of growth. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports contracted rapidly to $X in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for pyrethrum and peppermint exports from the Dominican Republic, with a X% share of total exports. Moreover, pyrethrum and peppermint exports to Canada exceeded the volume sent to the second major destination, the United States (X tons), twofold. Turks and Caicos Islands (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Canada ($X) emerged as the key foreign market for pyrethrum and peppermint exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

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

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, saw a mild increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turks and Caicos Islands ($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 Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pyrethrum And Peppermint Imports

Imports into the Dominican Republic

In 2022, purchases abroad of pyrethrum and peppermint increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pyrethrum and peppermint imports rose notably to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

India (X tons), Egypt (X tons) and Turkey (X tons) were the main suppliers of pyrethrum and peppermint imports to the Dominican Republic, with a combined X% share of total imports. Bulgaria, Italy, China, Costa Rica, Spain and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (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 the Dominican Republic were Egypt ($X), Bulgaria ($X) and Costa Rica ($X), with a combined X% share of total imports. Spain, Italy, India, Turkey, China and Germany lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, falling by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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