Greece: Pyrethrum And Peppermint Market 2022

Pyrethrum And Peppermint Market Size in Greece

The Greek pyrethrum and peppermint market reduced to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, consumption recorded a abrupt decline. Pyrethrum and peppermint consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Greece

In value terms, pyrethrum and peppermint production reduced sharply to $X in 2021 estimated in export prices. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Pyrethrum And Peppermint Exports

Exports from Greece

In 2021, overseas shipments of pyrethrum and peppermint increased by X% to X tonnes, rising for the seventh consecutive year after two years of decline. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, pyrethrum and peppermint exports surged to $X in 2021. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tonnes), Turkey (X tonnes) and the United States (X tonnes) were the main destinations of pyrethrum and peppermint exports from Greece, with a combined X% share of total exports. Poland, France, Australia, Canada, the Netherlands, Morocco, Italy, Cyprus, Austria and Hungary lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Morocco (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pyrethrum and peppermint exported from Greece were Germany ($X), the United States ($X) and Turkey ($X), together accounting for X% of total exports. France, Poland, Australia, the Netherlands, Canada, Cyprus, Morocco, Italy, Austria and Hungary lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, 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 2021, which is down by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Greece

In 2021, purchases abroad of pyrethrum and peppermint increased by X% to X tonnes, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, pyrethrum and peppermint imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Egypt (X tonnes), Albania (X tonnes) and Turkey (X tonnes) were the main suppliers of pyrethrum and peppermint imports to Greece, together comprising X% of total imports. These countries were followed by Germany, India, Poland, Morocco, Afghanistan, Italy, Latvia and Bulgaria, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Greece were Albania ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports. Egypt, Italy, Turkey, Morocco, India, Latvia, Afghanistan and Bulgaria lagged somewhat behind, together comprising a further X the main suppliers, Latvia, 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 2021, the average pyrethrum and peppermint import price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per tonne), while the price for Afghanistan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform