Middle East: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in the Middle East

For the fourth consecutive year, the Middle Eastern pyrethrum and peppermint market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Pyrethrum And Peppermint Production in the Middle East

In value terms, pyrethrum and peppermint production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Pyrethrum And Peppermint Exports

Exports in the Middle East

In 2022, the amount of pyrethrum and peppermint exported in the Middle East totaled X tons, with an increase of X% compared with the previous year's figure. Total exports indicated resilient growth from 2012 to 2022: 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. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) were the main exporters of pyrethrum and peppermint in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by Syrian Arab Republic (X tons) and Iran (X tons), together creating a X% share of total exports. Lebanon (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Syrian Arab Republic ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

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

Pyrethrum And Peppermint Imports

Imports in the Middle East

Pyrethrum and peppermint imports stood at X tons in 2022, picking up by X% on the previous year's figure. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pyrethrum and peppermint imports reached $X in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Israel (X tons), Turkey (X tons), Iran (X tons), Saudi Arabia (X tons) and Iraq (X tons) represented the major importers of pyrethrum and peppermint, together achieving X% of total imports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Israel ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kuwait, Turkey, Iran and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded the highest growth rate of 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

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated perceptible growth 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 import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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