Pakistan: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Pakistan

In 2020, the Pakistani pyrethrum and peppermint market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Pyrethrum And Peppermint Production in Pakistan

In value terms, pyrethrum and peppermint production fell to $X in 2020 estimated in export prices. Overall, the total production indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2015 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Pyrethrum and peppermint production peaked at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

Pyrethrum And Peppermint Exports

Exports from Pakistan

In 2020, approx. X tonnes of pyrethrum and peppermint were exported from Pakistan; with an increase of X% on the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, pyrethrum and peppermint exports declined slightly to $X in 2020. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Myanmar (X tonnes), China (X tonnes) and Nepal (X tonnes) were the main destinations of pyrethrum and peppermint exports from Pakistan, together comprising X% of total exports. Singapore, Sri Lanka, South Korea, Montenegro, Bangladesh, Saudi Arabia, Indonesia, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Montenegro (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Myanmar ($X) and Nepal ($X) appeared to be the largest markets for pyrethrum and peppermint exported from Pakistan worldwide, together accounting for X% of total exports. These countries were followed by Sri Lanka, South Korea, Singapore, Saudi Arabia, Taiwan (Chinese), Indonesia, Japan, Bangladesh and Montenegro, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average pyrethrum and peppermint export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, export price indicated a buoyant increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, pyrethrum and peppermint export price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Montenegro ($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 Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Pakistan

In 2020, overseas purchases of pyrethrum and peppermint decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, pyrethrum and peppermint imports shrank modestly to $X in 2020. Over the period under review, imports showed a slight reduction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

China (X tonnes), Myanmar (X tonnes) and Sri Lanka (X tonnes) were the main suppliers of pyrethrum and peppermint imports to Pakistan, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Pakistan were China ($X), Viet Nam ($X) and Egypt ($X), together comprising X% of total imports. These countries were followed by Turkey, Myanmar and Sri Lanka, which together accounted for a further X the main suppliers, Myanmar (+X% per year) 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

In 2020, the average pyrethrum and peppermint import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price showed a tangible increase. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for Sri Lanka ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pyrethrum and peppermint in the world?

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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. Kazakhstan, Morocco, Germany, India, Japan, Hong Kong SAR, South Korea, Egypt, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of pyrethrum and peppermint in the world?

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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. The third position in this ranking was occupied by Indonesia (83K tonnes), with a 9.4% share.

What are the leading suppliers of pyrethrum and peppermint to Pakistan?

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In value terms, China ($3.3M), Viet Nam ($1.7M) and Egypt ($561K) appeared to be the largest pyrethrum and peppermint suppliers to Pakistan, together accounting for 69% of total imports. Turkey, Myanmar and Sri Lanka lagged somewhat behind, together accounting for a further 16%.

What are the leading importers of pyrethrum and peppermint from Pakistan?

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In value terms, the largest markets for pyrethrum and peppermint exported from Pakistan were China ($1.3M), Myanmar ($1.3M) and Nepal ($1.1M), together accounting for 33% of total exports. Sri Lanka, South Korea, Singapore, Saudi Arabia, Taiwan (Chinese), Indonesia, Japan, Bangladesh and Montenegro lagged somewhat behind, together accounting for a further 44%.

What is the average export price for pyrethrum and peppermint in Pakistan?

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The average pyrethrum and peppermint export price stood at $1,116 per tonne in 2020, waning by -16.8% against the previous year.

What is the average import price for pyrethrum and peppermint in Pakistan?

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In 2020, the average pyrethrum and peppermint import price amounted to $2,315 per tonne, with an increase of 2.5% against the previous year.

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