Ecuador: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Ecuador

The Ecuadorian pyrethrum and peppermint market amounted to $X in 2022, rising by X% against the previous year. Overall, consumption, however, enjoyed significant growth. Pyrethrum and peppermint consumption peaked in 2022 and is likely to see gradual growth in the near future.

Pyrethrum And Peppermint Production in Ecuador

In value terms, pyrethrum and peppermint production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Pyrethrum and peppermint production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Pyrethrum And Peppermint Exports

Exports from Ecuador

In 2022, approx. X tons of pyrethrum and peppermint were exported from Ecuador; rising by X% on 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports amounted to $X in 2022. In general, total exports indicated a pronounced expansion 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), France (X tons) and Germany (X tons) were the main destinations of pyrethrum and peppermint exports from Ecuador, together comprising X% of total exports.

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

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

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

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price 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, pyrethrum and peppermint export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Ecuador

In 2022, after two years of growth, there was decline in supplies from abroad of pyrethrum and peppermint, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank modestly in the following year.

In value terms, pyrethrum and peppermint imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Peru (X tons) constituted the largest pyrethrum and peppermint supplier to Ecuador, accounting for a X% share of total imports. Moreover, pyrethrum and peppermint imports from Peru exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Chile (X% per year).

In value terms, the largest pyrethrum and peppermint suppliers to Ecuador were Peru ($X), India ($X) and Chile ($X), together comprising X% of total imports. The United States, Nigeria and Egypt lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Nigeria, with a CAGR of X%, recorded 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, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :