Latest Report Update: Nov 15, 2021

Nigeria - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Nigeria: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Nigeria

The Nigerien pyrethrum and peppermint market surged to $X in 2020, rising by X% against the previous year. Over the period under review, consumption showed a mild curtailment. The growth pace was the most rapid in 2015 when the market value increased by X% year-to-year. Pyrethrum and peppermint consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Nigeria

In value terms, pyrethrum and peppermint production declined to $X in 2020 estimated in export prices. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the production volume increased by X% against the previous year. Pyrethrum and peppermint production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from Nigeria

In 2020, the amount of pyrethrum and peppermint exported from Nigeria dropped dramatically to X tonnes, declining by -X% on the previous year's figure. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, pyrethrum and peppermint exports fell dramatically to $X in 2020. Overall, exports, however, continue to indicate a tangible expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Guatemala (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per tonne in 2020, declining by -X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Nigeria

Pyrethrum and peppermint imports into Nigeria surged to X tonnes in 2020, growing by X% compared with 2019. Overall, imports continue to indicate modest growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, pyrethrum and peppermint imports surged to $X in 2020. In general, imports showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Viet Nam (X tonnes) was the main supplier of pyrethrum and peppermint to Nigeria, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Viet Nam was relatively modest.

In value terms, Viet Nam ($X) constituted the largest supplier of pyrethrum and peppermint to Nigeria.

From 2007 to 2020, the average annual rate of growth in terms of value from Viet Nam was relatively modest.

Import Prices by Country

In 2020, the average pyrethrum and peppermint import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Viet Nam.

From 2007 to 2020, the rate of growth in terms of prices for Viet Nam amounted to X% per year.

Source: IndexBox 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 2020 were China (146K tonnes), the U.S. (74K tonnes) and Indonesia (73K tonnes), together accounting for 33% of global consumption. These countries were followed by Kazakhstan, Morocco, Germany, India, Japan, Hong Kong SAR, South Korea, Egypt, Taiwan (Chinese) and France, which together accounted for a further 34%.
What are the largest producers of pyrethrum and peppermint in the world?
+
China (207K tonnes) remains the largest pyrethrum and peppermint producing country worldwide, accounting for 23% of total volume. Moreover, pyrethrum and peppermint production in China exceeded the figures recorded by the second-largest producer, India (102K tonnes), twofold. Indonesia (83K tonnes) ranked third in terms of total production with a 9.4% share.
What are the leading suppliers of pyrethrum and peppermint to Nigeria?
+
In value terms, Viet Nam ($1.1M) constituted the largest supplier of pyrethrum and peppermint to Nigeria.
What are the leading importers of pyrethrum and peppermint from Nigeria?
+
In value terms, the U.S. ($8.8M) remains the key foreign market for pyrethrum and peppermint exports from Nigeria, comprising 44% of total exports. The second position in the ranking was occupied by Guatemala ($2.5M), with a 13% share of total exports. It was followed by the Netherlands, with a 8.7% share.
What is the average export price for pyrethrum and peppermint in Nigeria?
+
In 2020, the average pyrethrum and peppermint export price amounted to $1,697 per tonne, shrinking by -8.1% 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 $970 per tonne in 2020, reducing by -15.3% 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
Biodiesel Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biodiesel market.



Monday, December 20th, 2021 @ 04:00 pm ET


Register
Biogas Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET

Webinar: Global Animal Feed Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global animal feed market.



Thursday, February 11th, 2021 @ 04:00 pm ET

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data