Spain: Pyrethrum And Peppermint Market Overview 2021

Pyrethrum And Peppermint Market Size in Spain

In 2020, after two years of decline, there was significant growth in the Spanish pyrethrum and peppermint market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. Pyrethrum and peppermint consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Pyrethrum And Peppermint Production in Spain

In value terms, pyrethrum and peppermint production reduced slightly to $X in 2020 estimated in export prices. In general, production saw a abrupt decline. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Pyrethrum And Peppermint Exports

Exports from Spain

In 2020, approx. X tonnes of pyrethrum and peppermint were exported from Spain; with a decrease of -X% compared with the previous year. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, pyrethrum and peppermint exports totaled $X in 2020. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Germany (X tonnes), the UK (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. The Netherlands, Belgium, Italy, the U.S., Ireland, Colombia, Portugal, Costa Rica and Sweden lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Sweden (+X% per year), 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. These countries were followed by the Netherlands, Italy, Belgium, Portugal, the U.S., Ireland, Costa Rica, Sweden and Colombia, which together accounted for a further X (+X% per year) saw 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 2020, the average pyrethrum and peppermint export price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

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

Pyrethrum And Peppermint Imports

Imports into Spain

In 2020, imports of pyrethrum and peppermint into Spain stood at X tonnes, growing by X% against the previous year's figure. Over the period under review, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports amounted to $X in 2020. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, Morocco (X tonnes) constituted the largest supplier of pyrethrum and peppermint to Spain, accounting for 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), twofold. Paraguay (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 Paraguay (+X% per year).

In value terms, the largest pyrethrum and peppermint suppliers to Spain were the U.S. ($X), Morocco ($X) and France ($X), with a combined X% share of total imports. These countries were followed by Poland, Bulgaria, Germany, Paraguay, Egypt, India, Peru, Austria, the Czech Republic and Tunisia, which together accounted for a further X saw 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 tonne in 2020, leveling off at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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 2020, 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 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 2020 were China (146K tonnes), the U.S. (74K tonnes) and Indonesia (73K tonnes), with a combined 33% share of global consumption. Kazakhstan, Morocco, Germany, India, Japan, Hong Kong SAR, South Korea, Egypt, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further 34%.

What are the largest producers of pyrethrum and peppermint in the world?

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China (207K tonnes) remains the largest pyrethrum and peppermint producing country worldwide, comprising approx. 23% of total volume. Moreover, pyrethrum and peppermint production in China exceeded the figures recorded by the second-largest producer, India (102K tonnes), twofold. The third position in this ranking was occupied by Indonesia (83K tonnes), with a 9.3% 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. ($17M), Morocco ($15M) and France ($6.5M), with a combined 39% share of total imports. Poland, Bulgaria, Germany, Paraguay, Egypt, India, Peru, Austria, the Czech Republic and Tunisia lagged somewhat behind, together comprising a further 36%.

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 ($22M), Germany ($22M) and France ($16M), together accounting for 58% of total exports. These countries were followed by the Netherlands, Italy, Belgium, Portugal, the U.S., Ireland, Costa Rica, Sweden and Colombia, which together accounted for a further 31%.

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

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The average pyrethrum and peppermint export price stood at $5,390 per tonne in 2020, with an increase of 6.4% against the previous year.

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

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In 2020, the average pyrethrum and peppermint import price amounted to $3,834 per tonne, leveling off at the previous year.