South Africa: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in South Africa

In 2022, after three years of decline, there was significant growth in the South African pyrethrum and peppermint market, when its value increased by X% to $X. In general, consumption enjoyed a perceptible expansion. Pyrethrum and peppermint consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pyrethrum And Peppermint Production in South Africa

In value terms, pyrethrum and peppermint production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from South Africa

Pyrethrum and peppermint exports from South Africa soared to X tons in 2022, growing by X% against 2021. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint exports surged to $X in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons), Israel (X tons) and Botswana (X tons) were the main destinations of pyrethrum and peppermint exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pyrethrum and peppermint exported from South Africa were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total exports. Botswana, Israel, Italy, Namibia, Poland, Zambia, Spain, the UK and India lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Israel, with a CAGR of X%, 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 ton in 2022, declining by X% against the previous year. Overall, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into South Africa

In 2022, purchases abroad of pyrethrum and peppermint decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports dropped dramatically to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

Egypt (X tons), India (X tons) and Turkey (X tons) were the main suppliers of pyrethrum and peppermint imports to South Africa, with a combined X% share of total imports. Tunisia, Lesotho, Germany, Namibia, China, Morocco, Albania, Zambia and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and India ($X) appeared to be the largest pyrethrum and peppermint suppliers to South Africa, with a combined X% share of total imports. Germany, China, Tunisia, Albania, Poland, Morocco, Lesotho, Zambia and Namibia lagged somewhat behind, together comprising a further X%.

Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pyrethrum and peppermint import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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