Southern Asia: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Southern Asia

In 2022, the South Asian pyrethrum and peppermint market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Pyrethrum And Peppermint Production in Southern Asia

In value terms, pyrethrum and peppermint production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Pyrethrum And Peppermint Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of pyrethrum and peppermint, when their volume decreased by X% to X tons. Total exports indicated tangible growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, pyrethrum and peppermint exports rose to $X in 2022. Total exports indicated a buoyant increase 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. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, India (X tons) represented the main exporter of pyrethrum and peppermint, committing X% of total exports. Afghanistan (X tons) ranks second in terms of the total exports with a X% share, followed by Pakistan (X%) and Nepal (X%). Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pyrethrum and peppermint exports from India stood at X%. At the same time, Sri Lanka (X%) and Afghanistan (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Nepal and Pakistan experienced a relatively flat trend pattern. While the share of Afghanistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nepal (X p.p.), India (X p.p.) and Pakistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest pyrethrum and peppermint supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

In India, pyrethrum and peppermint exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Pyrethrum And Peppermint Imports

Imports in Southern Asia

In 2022, approx. X tons of pyrethrum and peppermint were imported in Southern Asia; with an increase of X% against the year before. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports totaled $X in 2022. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the key importer of pyrethrum and peppermint, committing X% of total imports. Bangladesh (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%). Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pyrethrum and peppermint imports into India stood at X%. At the same time, Bangladesh (X%), Sri Lanka (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported pyrethrum and peppermint in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Sri Lanka, with an X% share.

In India, pyrethrum and peppermint imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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