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Nigeria - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Pyrethrum And Peppermint Market Overview 2021

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Pyrethrum And Peppermint Market Size in Nigeria

The Nigerien pyrethrum and peppermint market reduced modestly to $X in 2019, declining by -X% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Pyrethrum And Peppermint Production in Nigeria

In value terms, pyrethrum and peppermint production expanded remarkably to $X in 2019 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2019 and is likely to see steady growth in the immediate term.

Pyrethrum And Peppermint Exports

Exports from Nigeria

In 2019, exports of pyrethrum and peppermint from Nigeria soared to X tonnes, surging by X% compared with the year before. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, pyrethrum and peppermint exports surged to $X in 2019. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Mexico (X tonnes) was the main destination for pyrethrum and peppermint exports from Nigeria, with a X% share of total exports. Moreover, pyrethrum and peppermint exports to Mexico exceeded the volume sent to the second major destination, the U.S. (X tonnes), more than tenfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and the Netherlands (+X% per year).

In value terms, Mexico ($X) emerged as the key foreign market for pyrethrum and peppermint exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2019, the average pyrethrum and peppermint export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to India ($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 Honduras, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Nigeria

In 2019, supplies from abroad of pyrethrum and peppermint increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports expanded to $X in 2019. In general, imports showed a deep reduction. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

Indonesia (X tonnes), Singapore (X tonnes) and Malaysia (X tonnes) were the main suppliers of pyrethrum and peppermint imports to Nigeria, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Nigeria were Singapore ($X), Indonesia ($X) and China ($X), together comprising X% of total imports. Malaysia, the U.S., Morocco and Viet Nam lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, declining by -X% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Indonesia ($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 U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pyrethrum and peppermint in the world?
+
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 comprising 30% of global consumption. These countries were followed by India, Morocco, Japan, South Korea, Taiwan (Chinese), Egypt, Hong Kong SAR, Nigeria, Kazakhstan and the UK, which together accounted for a further 34%.
What are the largest producers of pyrethrum and peppermint in the world?
+
The country with the largest volume of pyrethrum and peppermint production was China (206K tonnes), 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. The third position in this ranking was occupied by India (65K tonnes), with a 9% share.
What are the leading suppliers of pyrethrum and peppermint to Nigeria?
+
In value terms, Singapore ($229K), Indonesia ($198K) and China ($194K) were the largest pyrethrum and peppermint suppliers to Nigeria, together accounting for 35% of total imports. These countries were followed by Malaysia, the U.S., Morocco and Viet Nam, which together accounted for a further 23%.
What are the leading importers of pyrethrum and peppermint from Nigeria?
+
In value terms, Mexico ($24M) emerged as the key foreign market for pyrethrum and peppermint exports from Nigeria, comprising 68% of total exports. The second position in the ranking was occupied by the Netherlands ($1.7M), with a 5% share of total exports. It was followed by the U.S., with a 4.7% share.
What is the average export price for pyrethrum and peppermint in Nigeria?
+
The average pyrethrum and peppermint export price stood at $2,206 per tonne in 2019, growing by 3.1% against the previous year.
What is the average import price for pyrethrum and peppermint in Nigeria?
+
The average pyrethrum and peppermint import price stood at $1,802 per tonne in 2019, shrinking by -10.3% against the previous year.

Product coverage:
• FCL 754 - Pyrethrum, dried flowers
• FCL 748 - Peppermint, Spearmint

This report provides an in-depth analysis of the pyrethrum and peppermint market in Nigeria. 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 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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