Spain: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Spain

In 2019, the Spanish pyrethrum and peppermint market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Pyrethrum And Peppermint Production in Spain

In value terms, pyrethrum and peppermint production shrank modestly to $X in 2019 estimated in export prices. In general, production showed a abrupt descent. The pace of growth was the most pronounced in 2012 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from Spain

In 2019, after two years of decline, there was significant growth in shipments abroad of pyrethrum and peppermint, when their volume increased by X% to X tonnes. Over the period under review, exports saw a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2019. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

Exports by Country

The UK (X tonnes), Germany (X tonnes) and France (X tonnes) were the main destinations of pyrethrum and peppermint exports from Spain, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in the UK, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pyrethrum and peppermint exported from Spain were the UK ($X), Germany ($X) and France ($X), with a combined X% share of total exports.

The UK recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average pyrethrum and peppermint export price amounted to $X per tonne, surging by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Belgium ($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 the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Spain

In 2019, pyrethrum and peppermint imports into Spain skyrocketed to X tonnes, picking up by X% compared with the previous year's figure. Over the period under review, total imports indicated a noticeable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint imports surged to $X in 2019. Overall, total imports indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Morocco (X tonnes) constituted the largest supplier of pyrethrum and peppermint to Spain, with a X% share of total imports. Moreover, pyrethrum and peppermint imports from Morocco exceeded the figures recorded by the second-largest supplier, Egypt (X tonnes), threefold. The U.S. (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 Morocco stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and the U.S. (+X% per year).

In value terms, the largest pyrethrum and peppermint suppliers to Spain were the U.S. ($X), Morocco ($X) and France ($X), together comprising X% of total imports.

In terms of the main suppliers, the U.S. 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 2019, the average pyrethrum and peppermint import price amounted to $X per tonne, dropping by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then contracted in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

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) constituted the country with the largest volume of pyrethrum and peppermint production, comprising approx. 28% of total volume. Moreover, pyrethrum and peppermint production in China exceeded the figures recorded by the second-largest producer, Morocco (67K tonnes), threefold. The third position in this ranking was occupied by India (65K tonnes), with a 9% share.

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

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In value terms, the largest pyrethrum and peppermint suppliers to Spain were the U.S. ($23M), Morocco ($15M) and France ($6.3M), together comprising 46% of total imports.

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

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In value terms, the largest markets for pyrethrum and peppermint exported from Spain were the UK ($23M), Germany ($20M) and France ($16M), with a combined 59% share of total exports.

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

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In 2019, the average pyrethrum and peppermint export price amounted to $5,066 per tonne, picking up by 6.3% against the previous year.

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

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In 2019, the average pyrethrum and peppermint import price amounted to $3,848 per tonne, dropping by -11.2% against the previous year.