Pakistan: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Pakistan

In 2019, the Pakistani pyrethrum and peppermint market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Pyrethrum and peppermint consumption peaked at $X in 2018, and then shrank notably in the following year.

Pyrethrum And Peppermint Production in Pakistan

In value terms, pyrethrum and peppermint production contracted modestly to $X in 2019 estimated in export prices. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2018, and then dropped modestly in the following year.

Pyrethrum And Peppermint Exports

Exports from Pakistan

In 2019, the amount of pyrethrum and peppermint exported from Pakistan declined to X tonnes, which is down by -X% against the year before. In general, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, pyrethrum and peppermint exports contracted to $X in 2019. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Sri Lanka (X tonnes), Myanmar (X tonnes) and South Korea (X tonnes) were the main destinations of pyrethrum and peppermint exports from Pakistan, together comprising X% of total exports. These countries were followed by India, Saudi Arabia, Egypt, Indonesia, Taiwan (Chinese), Nepal, Bangladesh, China and the United Arab Emirates, which together accounted for a further X 2007 to 2019, the biggest increases were in Nepal, while shipments for the other leaders experienced more modest paces of growth.

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

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the export price, however, recorded prominent growth. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2018, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Nepal ($X per tonne), while the average price for exports to Myanmar ($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 Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Pakistan

In 2019, purchases abroad of pyrethrum and peppermint decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports saw a pronounced curtailment. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2014 to 2019, the growth imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports shrank dramatically to $X in 2019. Overall, imports recorded a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, India (X tonnes) constituted the largest pyrethrum and peppermint supplier to Pakistan, accounting for a X% share of total imports. Moreover, pyrethrum and peppermint imports from India exceeded the figures recorded by the second-largest supplier, Myanmar (X tonnes), eightfold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from India amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+X% per year) and China (+X% per year).

In value terms, India ($X) constituted the largest supplier of pyrethrum and peppermint to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from India totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Morocco (+X% per year).

Import Prices by Country

In 2019, the average pyrethrum and peppermint import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Morocco ($X per tonne), while the price for Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 AI 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 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?

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China (206K tonnes) remains the largest pyrethrum and peppermint producing country worldwide, 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 Pakistan?

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In value terms, India ($5.5M) constituted the largest supplier of pyrethrum and peppermint to Pakistan, comprising 71% of total imports. The second position in the ranking was occupied by China ($681K), with a 8.8% share of total imports. It was followed by Morocco, with a 5.8% share.

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

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In value terms, Sri Lanka ($1.4M), South Korea ($930K) and Myanmar ($626K) constituted the largest markets for pyrethrum and peppermint exported from Pakistan worldwide, with a combined 32% share of total exports. Saudi Arabia, India, Egypt, Nepal, Taiwan (Chinese), Indonesia, Bangladesh, China and the United Arab Emirates lagged somewhat behind, together comprising 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 $1,651 per tonne in 2019, which is down by -6.4% against the previous year.

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

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In 2019, the average pyrethrum and peppermint import price amounted to $2,366 per tonne, waning by -14.7% against the previous year.