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

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Pyrethrum And Peppermint Market Size in Peru

In 2019, the Peruvian pyrethrum and peppermint market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Peru

In value terms, pyrethrum and peppermint production reduced to $X in 2019 estimated in export prices. In general, the total production indicated a moderate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2015 to 2019, production growth remained at a lower figure.

Pyrethrum And Peppermint Exports

Exports from Peru

In 2019, shipments abroad of pyrethrum and peppermint increased by X% to X tonnes, rising for the second year in a row after three years of decline. Overall, total exports indicated a resilient increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the near future.

In value terms, pyrethrum and peppermint exports expanded sharply to $X in 2019. In general, exports posted a prominent increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2015 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Brazil (X tonnes) was the main destination for pyrethrum and peppermint exports from Peru, with a X% share of total exports. Moreover, pyrethrum and peppermint exports to Brazil exceeded the volume sent to the second major destination, Spain (X tonnes), threefold. The U.S. (X tonnes) ranked third in terms of total exports with a X% share.

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

In value terms, the U.S. ($X), Brazil ($X) and Spain ($X) constituted the largest markets for pyrethrum and peppermint exported from Peru worldwide, with a combined X% share of total exports. These countries were followed by Germany, Japan, Chile, Argentina, France, Italy, Uruguay, Ecuador and Mexico, which together accounted for a further X recorded the highest growth rate of the value of exports, in terms of 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

The average pyrethrum and peppermint export price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, export price indicated a slight expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, pyrethrum and peppermint export price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Mexico ($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 Ecuador, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Peru

In 2019, approx. X tonnes of pyrethrum and peppermint were imported into Peru; surging by X% compared with 2018 figures. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2009 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are likely to see gradual growth in years to come.

In value terms, pyrethrum and peppermint imports surged to $X in 2019. Over the period under review, imports saw a mild setback. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Nigeria (X tonnes) constituted the largest pyrethrum and peppermint supplier to Peru, accounting for a X% share of total imports. Moreover, pyrethrum and peppermint imports from Nigeria exceeded the figures recorded by the second-largest supplier, Chile (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume from Nigeria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-X% per year) and China (+X% per year).

In value terms, the largest pyrethrum and peppermint suppliers to Peru were Nigeria ($X), Chile ($X) and China ($X), with a combined X% share of total imports.

Nigeria (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure 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 China ($X per tonne), while the price for Nigeria ($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 a decline.

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?
+
China (206K tonnes) constituted the country with the largest volume of pyrethrum and peppermint production, 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. India (65K tonnes) ranked third in terms of total production with a 9% share.
What are the leading suppliers of pyrethrum and peppermint to Peru?
+
In value terms, Nigeria ($434K), Chile ($266K) and China ($120K) constituted the largest pyrethrum and peppermint suppliers to Peru, together comprising 85% of total imports.
What are the leading importers of pyrethrum and peppermint from Peru?
+
In value terms, the largest markets for pyrethrum and peppermint exported from Peru were the U.S. ($6.1M), Brazil ($5.5M) and Spain ($3.6M), with a combined 53% share of total exports. Germany, Japan, Chile, Argentina, France, Italy, Uruguay, Ecuador and Mexico lagged somewhat behind, together comprising a further 36%.
What is the average export price for pyrethrum and peppermint in Peru?
+
In 2019, the average pyrethrum and peppermint export price amounted to $2,974 per tonne, which is down by -9.8% against the previous year.
What is the average import price for pyrethrum and peppermint in Peru?
+
In 2019, the average pyrethrum and peppermint import price amounted to $2,584 per tonne, with a decrease of -13.1% 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 Peru. 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:
• Peru

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