South-Eastern Asia: Pyrethrum And Peppermint Market 2022

Pyrethrum And Peppermint Market Size in South-Eastern Asia

In 2021, the Southeast Asian pyrethrum and peppermint market decreased by -X% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in South-Eastern Asia

In value terms, pyrethrum and peppermint production dropped notably to $X in 2021 estimated in export prices. Over the period under review, production, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then declined significantly in the following year.

Production By Country in South-Eastern Asia

The country with the largest volume of pyrethrum and peppermint production was Myanmar (X tonnes), comprising approx. X% of total volume. Moreover, pyrethrum and peppermint production in Myanmar exceeded the figures recorded by the second-largest producer, Indonesia (X tonnes), threefold. The third position in this ranking was occupied by Vietnam (X tonnes), with an X% share.

In Myanmar, pyrethrum and peppermint production remained relatively stable over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+X% per year) and Vietnam (-X% per year).

Pyrethrum And Peppermint Exports

Exports in South-Eastern Asia

In 2021, after three years of growth, there was significant decline in shipments abroad of pyrethrum and peppermint, when their volume decreased by -X% to X tonnes. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2020 when exports increased by X% y-o-y. As a result, the exports attained the peak of X tonnes, and then shrank in the following year.

In value terms, pyrethrum and peppermint exports declined rapidly to $X in 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% y-o-y. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

In 2021, Myanmar (X tonnes) was the main exporter of pyrethrum and peppermint, achieving X% of total exports. Indonesia (X tonnes) ranks second in terms of the total exports with a X% share, followed by Thailand (X%) and Vietnam (X%).

Myanmar was also the fastest-growing in terms of the pyrethrum and peppermint exports, with a CAGR of +X% from 2012 to 2021. At the same time, Vietnam (+X%) and Thailand (+X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. percentage points. Vietnam (-X p.p.), Thailand (-X p.p.) and Indonesia (-X p.p.) saw their shares reduced.

In value terms, the largest pyrethrum and peppermint supplying countries in South-Eastern Asia were Indonesia ($X), Myanmar ($X) and Vietnam ($X), together comprising X% of total exports.

Myanmar, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The pyrethrum and peppermint export price in South-Eastern Asia stood at $X per tonne in 2021, which is down by -X% against the previous year. In general, the export price showed a slight decrease. The pace of growth appeared the most rapid in 2020 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per tonne), while Thailand ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced mixed trends in the export price figures.

Pyrethrum And Peppermint Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of pyrethrum and peppermint increased by X% to X tonnes, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports rose to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports remained at a lower figure.

Imports by Country

Singapore (X tonnes), Thailand (X tonnes), Vietnam (X tonnes) and Malaysia (X tonnes) represented roughly X% of total imports of pyrethrum and peppermint in 2021. It was distantly followed by Indonesia (X tonnes), making up a X% share of total imports. Myanmar (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Myanmar (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint importing markets in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 2021, the pyrethrum and peppermint import price in South-Eastern Asia amounted to $X per tonne, leveling off at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% y-o-y. The level of import peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per tonne), while Myanmar ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform