Latin America and the Caribbean - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights

Latin America and the Caribbean: Pyrethrum And Peppermint Market Overview 2019

Pyrethrum And Peppermint Market Size in Latin America and the Caribbean

The revenue of the pyrethrum and peppermint market in Latin America and the Caribbean amounted to $X in 2017, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017, when the market value increased by X% y-o-y. The level of pyrethrum and peppermint consumption peaked at $X in 2013; however, from 2014 to 2017, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Latin America and the Caribbean

In value terms, pyrethrum and peppermint production amounted to $X in 2017 estimated in export prices. Overall, pyrethrum and peppermint production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. Over the period under review, pyrethrum and peppermint production reached its peak figure level at $X in 2013; however, from 2014 to 2017, production stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports in Latin America and the Caribbean

In 2017, approx. X tonnes of pyrethrum and peppermint were exported in Latin America and the Caribbean; increasing by X% against the previous year. In general, pyrethrum and peppermint exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, with an increase of X% y-o-y. Over the period under review, pyrethrum and peppermint exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2017, exports failed to regain their momentum.

In value terms, pyrethrum and peppermint exports amounted to $X in 2017. The total exports indicated a remarkable growth from 2007 to 2017: its value decreased 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 2017 figures, the pyrethrum and peppermint exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011, when the exports increased by X% year-to-year. The level of exports peaked in 2017, and are likely to continue its growth in the immediate term.

Exports by Country

In 2017, Mexico (X tonnes) was the main exporter for pyrethrum and peppermint, making up X% of total exports. Chile (X tonnes) took the second position in the ranking, followed by Colombia (X tonnes), Peru (X tonnes) and the Dominican Republic (X tonnes). All these countries together occupied approx. X% share of total exports. The following exporters - Brazil (X tonnes) and Paraguay (X tonnes) each accounted for a X% share of total exports.

Exports from Mexico decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Colombia (+X%), Peru (+X%) and Paraguay (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Brazil and the Dominican Republic experienced a relatively flat trend pattern. By contrast, Chile (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Mexico and Chile increased by X% and X% percentage points, while Peru (-X%) and Colombia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pyrethrum and peppermint supplier in Latin America and the Caribbean, comprising X% of total pyrethrum and peppermint exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Colombia (+X% per year).

Export Prices by Country

The pyrethrum and peppermint export price in Latin America and the Caribbean stood at $X per tonne in 2017, increasing by X% against the previous year. The export price indicated a prominent expansion from 2007 to 2017: 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. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. Over the period under review, the export prices for pyrethrum and peppermint reached their maximum at $X per tonne in 2012; however, from 2013 to 2017, export prices stood at a somewhat lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per tonne), while the Dominican Republic ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports in Latin America and the Caribbean

In 2017, approx. X tonnes of pyrethrum and peppermint were imported in Latin America and the Caribbean; growing by X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume 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. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. Over the period under review, pyrethrum and peppermint imports attained their peak figure in 2017, and are expected to retain its growth in the near future.

In value terms, pyrethrum and peppermint imports stood at $X in 2017. The total imports indicated a remarkable increase from 2007 to 2017: 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. The growth pace was the most rapid in 2008, with an increase of X% against the previous year. Over the period under review, pyrethrum and peppermint imports attained their maximum in 2017, and are likely to continue its growth in the near future.

Imports by Country

Mexico represented the largest importer of pyrethrum and peppermint in Latin America and the Caribbean, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2017. Brazil (X tonnes) ranks second in terms of the total imports with a X% share, followed by Argentina (X%). Chile (X tonnes) and Guatemala (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to pyrethrum and peppermint imports into Mexico stood at +X%. At the same time, Guatemala (+X%), Brazil (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Chile experienced a relatively flat trend pattern. Guatemala (-X%), Brazil (-X%) and Mexico (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in Mexico stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2017, the pyrethrum and peppermint import price in Latin America and the Caribbean amounted to $X per tonne, stabilizing at the previous year. Over the period under review, the pyrethrum and peppermint import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the import price increased by X% y-o-y. In that year, the import prices for pyrethrum and peppermint reached their peak level of $X per tonne. From 2009 to 2017, the growth in terms of the import prices for pyrethrum and peppermint failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Chile ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform