Greece: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Greece

In 2019, the Greek pyrethrum and peppermint market increased by X% to $X for the first time since 2013, thus ending a five-year declining trend. Over the period under review, consumption showed a significant curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Greece

In value terms, pyrethrum and peppermint production amounted to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level in 2019 and is expected to retain growth in the near future.

Pyrethrum And Peppermint Exports

Exports from Greece

In 2019, the amount of pyrethrum and peppermint exported from Greece soared to X tonnes, increasing by X% on the previous year's figure. Overall, exports enjoyed temperate growth. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2019. Over the period under review, exports posted a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tonnes), Australia (X tonnes) and the U.S. (X tonnes) were the main destinations of pyrethrum and peppermint exports from Greece, with a combined X% share of total exports. These countries were followed by the Netherlands, Canada, Poland, Turkey, Italy, France, Bulgaria, Cyprus and Egypt, which together accounted for a further X 2007 to 2019, the biggest increases were in Poland (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Australia ($X) and the U.S. ($X) appeared to be the largest markets for pyrethrum and peppermint exported from Greece worldwide, with a combined X% share of total exports. These countries were followed by Poland, France, the Netherlands, Canada, Cyprus, Italy, Turkey, Egypt and Bulgaria, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, export price indicated modest growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pyrethrum and peppermint export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Egypt, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Greece

In 2019, supplies from abroad of pyrethrum and peppermint decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, pyrethrum and peppermint imports expanded markedly to $X in 2019. Overall, imports saw a slight reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Egypt (X tonnes), Albania (X tonnes) and Turkey (X tonnes) were the main suppliers of pyrethrum and peppermint imports to Greece, with a combined X% share of total imports. These countries were followed by the Netherlands, India, Germany and Poland, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Greece were Poland ($X), Germany ($X) and Albania ($X), together comprising X% of total imports. These countries were followed by the Netherlands, Egypt, Turkey and India, which together accounted for a further X terms of the main suppliers, the Netherlands 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 2019, the average pyrethrum and peppermint import price amounted to $X per tonne, growing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The import price peaked in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pyrethrum and peppermint in the world?

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The countries with the highest volumes of pyrethrum and peppermint consumption in 2019 were China (107K tonnes), the U.S. (69K tonnes) and Germany (46K tonnes), together accounting for 30% of global consumption. India, Morocco, Japan, South Korea, Taiwan (Chinese), Egypt, Hong Kong SAR, Nigeria, Kazakhstan and the UK lagged somewhat behind, together comprising a further 34%.

What are the largest producers of pyrethrum and peppermint in the world?

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China (206K tonnes) constituted the country with the largest volume of pyrethrum and peppermint production, accounting for 28% of total volume. Moreover, pyrethrum and peppermint production in China exceeded the figures recorded by the second-largest producer, Morocco (67K tonnes), threefold. India (65K tonnes) ranked third in terms of total production with a 9% share.

What are the leading suppliers of pyrethrum and peppermint to Greece?

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In value terms, the largest pyrethrum and peppermint suppliers to Greece were Poland ($477K), Germany ($403K) and Albania ($359K), together comprising 41% of total imports. The Netherlands, Egypt, Turkey and India lagged somewhat behind, together comprising a further 30%.

What are the leading importers of pyrethrum and peppermint from Greece?

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In value terms, the largest markets for pyrethrum and peppermint exported from Greece were Germany ($1.1M), Australia ($904K) and the U.S. ($835K), with a combined 56% share of total exports. Poland, France, the Netherlands, Canada, Cyprus, Italy, Turkey, Egypt and Bulgaria lagged somewhat behind, together accounting for a further 33%.

What is the average export price for pyrethrum and peppermint in Greece?

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In 2019, the average pyrethrum and peppermint export price amounted to $5,199 per tonne, reducing by -4.4% against the previous year.

What is the average import price for pyrethrum and peppermint in Greece?

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The average pyrethrum and peppermint import price stood at $4,718 per tonne in 2019, growing by 21% against the previous year.