Portugal: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Portugal

After two years of decline, the Portuguese pyrethrum and peppermint market increased by X% to $X in 2019. In general, consumption recorded a prominent increase. Pyrethrum and peppermint consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from Portugal

For the fourth consecutive year, Portugal recorded growth in overseas shipments of pyrethrum and peppermint, which increased by X% to X tonnes in 2019. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, pyrethrum and peppermint exports expanded to $X in 2019. Over the period under review, exports posted notable growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tonnes), Spain (X tonnes) and France (X tonnes) were the main destinations of pyrethrum and peppermint exports from Portugal, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Germany, while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for pyrethrum and peppermint exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and France (+X% per year).

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to Spain ($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 France, while the prices for the other major destinations experienced a decline.

Pyrethrum And Peppermint Imports

Imports into Portugal

In 2019, imports of pyrethrum and peppermint into Portugal soared to X tonnes, rising by X% against the year before. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint imports skyrocketed to $X in 2019. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest supplier of pyrethrum and peppermint to Portugal, with a X% share of total imports. Moreover, pyrethrum and peppermint imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X tonnes), eightfold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X), the UK ($X) and Poland ($X) were the largest pyrethrum and peppermint suppliers to Portugal, with a combined X% share of total imports. These countries were followed by France, China, Egypt and India, which together accounted for a further X 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 more modest paces of growth.

Import Prices by Country

In 2019, the average pyrethrum and peppermint import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2018, and then declined significantly in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, 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?

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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. India (65K tonnes) ranked third in terms of total production with a 9% share.

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

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In value terms, Spain ($4.3M), the UK ($3.2M) and Poland ($2.3M) appeared to be the largest pyrethrum and peppermint suppliers to Portugal, together comprising 77% of total imports. These countries were followed by France, China, Egypt and India, which together accounted for a further 11%.

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

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In value terms, Germany ($2.1M) emerged as the key foreign market for pyrethrum and peppermint exports from Portugal, comprising 63% of total exports. The second position in the ranking was occupied by Spain ($610K), with a 19% share of total exports.

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

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The average pyrethrum and peppermint export price stood at $3,200 per tonne in 2019, rising by 3.2% against the previous year.

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

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The average pyrethrum and peppermint import price stood at $5,643 per tonne in 2019, falling by -34.8% against the previous year.