Eastern Asia: Pyrethrum And Peppermint Market 2022

Pyrethrum And Peppermint Market Size in Eastern Asia

The East Asian pyrethrum and peppermint market reached $X in 2021, standing approx. at the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased 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, consumption increased by +X% against 2017 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Pyrethrum And Peppermint Production in Eastern Asia

In value terms, pyrethrum and peppermint production shrank slightly 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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Production By Country in Eastern Asia

The country with the largest volume of pyrethrum and peppermint production was China (X tonnes), comprising approx. X% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in China was relatively modest.

Pyrethrum And Peppermint Exports

Exports in Eastern Asia

In 2021, exports of pyrethrum and peppermint in Eastern Asia contracted slightly to X tonnes, reducing by -X% against the previous year's figure. Overall, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports reduced modestly to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China dominates pyrethrum and peppermint exports structure, reaching X tonnes, which was approx. X% of total exports in 2021. Hong Kong SAR (X tonnes) followed a long way behind the leaders.

China was also the fastest-growing in terms of the pyrethrum and peppermint exports, with a CAGR of -X% from 2012 to 2021. Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pyrethrum and peppermint supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +X%.

Export Prices by Country

The pyrethrum and peppermint export price in Eastern Asia stood at $X per tonne in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per tonne), while China amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Pyrethrum And Peppermint Imports

Imports in Eastern Asia

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. In general, imports recorded a perceptible slump. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2014 to 2021, the growth imports failed to regain momentum.

In value terms, pyrethrum and peppermint imports expanded to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, China (X tonnes) represented the largest importer of pyrethrum and peppermint, constituting X% of total imports. It was distantly followed by Japan (X tonnes), South Korea (X tonnes), Taiwan (Chinese) (X tonnes) and Hong Kong SAR (X tonnes), together comprising a X% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of pyrethrum and peppermint. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. Japan and South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Taiwan (Chinese) (+X p.p.), Japan (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported pyrethrum and peppermint in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, pyrethrum and peppermint imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The pyrethrum and peppermint import price in Eastern Asia stood at $X per tonne in 2021, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform