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Latin America and the Caribbean - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Pyrethrum And Peppermint Market 2022

Pyrethrum And Peppermint Market Size in Latin America and the Caribbean

In 2021, the Latin American pyrethrum and peppermint market increased by X% to $X, rising for the second year in a row after three years of decline. The market 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. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Pyrethrum And Peppermint Production in Latin America and the Caribbean

In value terms, pyrethrum and peppermint production shrank slightly to $X in 2021 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Mexico (X tonnes) constituted the country with the largest volume of pyrethrum and peppermint production, accounting for X% of total volume. Moreover, pyrethrum and peppermint production in Mexico exceeded the figures recorded by the second-largest producer, Peru (X tonnes), threefold. Chile (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Mexico amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Peru (+X% per year) and Chile (+X% per year).

Pyrethrum And Peppermint Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tonnes of pyrethrum and peppermint were exported in Latin America and the Caribbean; which is down by -X% compared with 2020 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. The volume of export peaked at X tonnes in 2020, and then dropped in the following year.

In value terms, pyrethrum and peppermint exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

Mexico was the major exporting country with an export of around X tonnes, which finished at X% of total exports. Peru (X tonnes) ranks second in terms of the total exports with a X% share, followed by Colombia (X%) and Chile (X%). Paraguay (X tonnes), Guatemala (X tonnes) and Brazil (X tonnes) held a minor share of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of pyrethrum and peppermint. At the same time, Guatemala (+X%), Colombia (+X%), Peru (+X%), Paraguay (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Chile (-X%) illustrated a downward trend over the same period. Colombia (+X p.p.), Peru (+X p.p.) and Guatemala (+X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Chile ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of total exports. Peru, Brazil, Paraguay and Guatemala lagged somewhat behind, together comprising a further X terms of the main exporting countries, Guatemala, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the pyrethrum and peppermint export price in Latin America and the Caribbean amounted to $X per tonne, growing 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 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2017 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

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

Pyrethrum And Peppermint Imports

Imports in Latin America and the Caribbean

After five years of growth, overseas purchases of pyrethrum and peppermint decreased by -X% to X tonnes in 2021. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes, leveling off in the following year.

In value terms, pyrethrum and peppermint imports contracted to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% y-o-y. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Brazil (X tonnes) represented the largest importer of pyrethrum and peppermint, creating X% of total imports. Mexico (X tonnes) ranks second in terms of the total imports with a X% share, followed by Chile (X%), Argentina (X%) and Colombia (X%). Guatemala (X tonnes), Nicaragua (X tonnes), El Salvador (X tonnes), Paraguay (X tonnes), Costa Rica (X tonnes), Uruguay (X tonnes) and Ecuador (X tonnes) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pyrethrum and peppermint imports into Brazil stood at +X%. At the same time, Nicaragua (+X%), Colombia (+X%), Costa Rica (+X%), El Salvador (+X%), Ecuador (+X%), Guatemala (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Paraguay, Chile and Uruguay experienced a relatively flat trend pattern. By contrast, Argentina (-X%) illustrated a downward trend over the same period. Brazil (+X p.p.), Colombia (+X p.p.) and Nicaragua (+X p.p.) significantly strengthened its position in terms of the total imports, while Uruguay, Paraguay, Mexico, Chile and Argentina saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported pyrethrum and peppermint in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Chile (+X% per year).

Import Prices by Country

The pyrethrum and peppermint import price in Latin America and the Caribbean stood at $X per tonne in 2021, declining by -X% against the previous year. Over the period under review, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for pyrethrum and peppermint in LatAmerica and the Caribbean?
+
The countries with the highest volumes of pyrethrum and peppermint consumption in 2021 were Brazil, the Dominican Republic and Argentina, with a combined 60% share of total consumption. Mexico, Chile, Colombia and Peru lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of pyrethrum and peppermint in LatAmerica and the Caribbean?
+
Mexico constituted the country with the largest volume of pyrethrum and peppermint production, accounting for 36% of total volume. Moreover, pyrethrum and peppermint production in Mexico exceeded the figures recorded by the second-largest producer, Peru, threefold. The third position in this ranking was occupied by Chile, with a 13% share.
What are the leading suppliers of pyrethrum and peppermint in LatAmerica and the Caribbean?
+
In value terms, the largest pyrethrum and peppermint supplying countries in Latin America and the Caribbean were Mexico, Chile and Colombia, together comprising 69% of total exports. Peru, Brazil, Paraguay and Guatemala lagged somewhat behind, together comprising a further 23%.
What are the leading importers of pyrethrum and peppermint in LatAmerica and the Caribbean?
+
In value terms, Brazil constitutes the largest market for imported pyrethrum and peppermint in Latin America and the Caribbean, comprising 39% of total imports. The second position in the ranking was occupied by Mexico, with a 12% share of total imports. It was followed by Chile, with a 9.7% share.
What is the average export price for pyrethrum and peppermint in LatAmerica and the Caribbean?
+
The pyrethrum and peppermint export price in Latin America and the Caribbean stood at $3,382 per tonne in 2021, picking up by 9% against the previous year.
What is the average import price for pyrethrum and peppermint in LatAmerica and the Caribbean?
+
In 2021, the pyrethrum and peppermint import price in Latin America and the Caribbean amounted to $2,840 per tonne, falling by -7.4% against the previous year.

This report provides an in-depth analysis of the pyrethrum and peppermint market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 754 - Pyrethrum, dried flowers
• FCL 748 - Peppermint, Spearmint
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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