Vietnam: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Vietnam

The Vietnamese pyrethrum and peppermint market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Pyrethrum And Peppermint Exports

Exports from Vietnam

In 2022, pyrethrum and peppermint exports from Vietnam expanded sharply to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, pyrethrum and peppermint exports rose significantly to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons), India (X tons) and Saudi Arabia (X tons) were the main destinations of pyrethrum and peppermint exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Saudi Arabia ($X) constituted the largest markets for pyrethrum and peppermint exported from Vietnam worldwide, with a combined X% share of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average pyrethrum and peppermint export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price 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, pyrethrum and peppermint export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($X per ton) and India ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Vietnam

In 2022, the amount of pyrethrum and peppermint imported into Vietnam surged to X tons, growing by X% compared with the previous year's figure. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, pyrethrum and peppermint imports surged to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of pyrethrum and peppermint to Vietnam, with a X% share of total imports. It was followed by Lao People's Democratic Republic (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of pyrethrum and peppermint to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and India (X% per year).

Import Prices by Country

The average pyrethrum and peppermint import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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