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

Pyrethrum And Peppermint Market Size in Singapore

The Singaporean pyrethrum and peppermint market shrank markedly to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. Pyrethrum and peppermint consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from Singapore

In 2020, overseas shipments of pyrethrum and peppermint increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, exports posted resilient growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint exports soared to $X in 2020. Over the period under review, exports recorded a prominent increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tonnes) was the main destination for pyrethrum and peppermint exports from Singapore, with a X% share of total exports. Moreover, pyrethrum and peppermint exports to Malaysia exceeded the volume sent to the second major destination, Morocco (X tonnes), sevenfold. The third position in this ranking was occupied by Nigeria (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and Nigeria (-X% per year).

In value terms, the largest markets for pyrethrum and peppermint exported from Singapore were the United Arab Emirates ($X), Japan ($X) and China ($X), with a combined X% share of total exports.

Among the main countries of destination, China (+X% per year) recorded 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 2020, surging by X% against the previous year. In general, the export price continues to indicate tangible growth. 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 attained the maximum in 2020 and is expected to retain growth in years to come.

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

Pyrethrum And Peppermint Imports

Imports into Singapore

For the third year in a row, Singapore recorded growth in purchases abroad of pyrethrum and peppermint, which increased by X% to X tonnes in 2020. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, pyrethrum and peppermint imports declined sharply to $X in 2020. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Malaysia (X tonnes) constituted the largest supplier of pyrethrum and peppermint to Singapore, with a X% share of total imports. Moreover, pyrethrum and peppermint imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by Thailand (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Thailand (+X% per year).

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

Among the main suppliers, Malaysia 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, with a decrease of -X% against the previous year. Overall, import price indicated measured growth from 2007 to 2020: its price 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, pyrethrum and peppermint import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Indonesia ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, 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?
+
The countries with the highest volumes of pyrethrum and peppermint consumption in 2020 were China (146K tonnes), the U.S. (74K tonnes) and Morocco (49K tonnes), with a combined 33% share of global consumption. These countries were followed by Kazakhstan, Germany, Japan, India, Hong Kong SAR, South Korea, Nigeria, Taiwan (Chinese), France and Egypt, which together accounted for a further 33%.
What are the largest producers of pyrethrum and peppermint in the world?
+
China (207K tonnes) constituted the country with the largest volume of pyrethrum and peppermint production, accounting for 26% of total volume. Moreover, pyrethrum and peppermint production in China exceeded the figures recorded by the second-largest producer, India (100K tonnes), twofold. Morocco (67K tonnes) ranked third in terms of total production with a 8.3% share.
What are the leading suppliers of pyrethrum and peppermint to Singapore?
+
In value terms, the largest pyrethrum and peppermint suppliers to Singapore were China ($32M), Indonesia ($18M) and Malaysia ($12M), with a combined 81% share of total imports.
What are the leading importers of pyrethrum and peppermint from Singapore?
+
In value terms, the largest markets for pyrethrum and peppermint exported from Singapore were the United Arab Emirates ($13M), Japan ($8.7M) and China ($5.8M), with a combined 54% share of total exports.
What is the average export price for pyrethrum and peppermint in Singapore?
+
In 2020, the average pyrethrum and peppermint export price amounted to $11,405 per tonne, picking up by 57% against the previous year.
What is the average import price for pyrethrum and peppermint in Singapore?
+
In 2020, the average pyrethrum and peppermint import price amounted to $5,304 per tonne, reducing by -23.7% 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 Singapore. 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:
• Singapore

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