United Kingdom: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in the UK

In 2022, the UK pyrethrum and peppermint market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated prominent 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. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from the UK

In 2022, shipments abroad of pyrethrum and peppermint decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports contracted notably to $X in 2022. Overall, exports recorded a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for pyrethrum and peppermint exports from the UK, accounting for a X% share of total exports. Moreover, pyrethrum and peppermint exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Canada (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Canada (X% per year).

In value terms, Ireland ($X), the United States ($X) and Canada ($X) appeared to be the largest markets for pyrethrum and peppermint exported from the UK worldwide, together comprising X% of total exports. The Netherlands, Germany, Trinidad and Tobago, Japan, France, Australia, Thailand, Poland, Singapore and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Trinidad and Tobago, with a CAGR of X%, recorded the highest rates of growth with regard to 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. Over the period under review, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 Trinidad and Tobago (X%), while the prices for the other major destinations experienced a decline.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Pyrethrum And Peppermint Imports

Imports into the UK

In 2022, supplies from abroad of pyrethrum and peppermint increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, pyrethrum and peppermint imports rose notably to $X in 2022. Overall, total imports indicated a buoyant expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of pyrethrum and peppermint imports to the UK, with a combined X% share of total imports. Kenya, Morocco, China, Egypt, Turkey, Israel, Chile, Nigeria, Pakistan and Italy 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 Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and Kenya ($X) appeared to be the largest pyrethrum and peppermint suppliers to the UK, together accounting for X% of total imports. China, Israel, Spain, Morocco, Turkey, Egypt, Chile, Italy, Pakistan and Nigeria lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, reducing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 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 Israel ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :