Spain - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPyrethrum and Peppermint Price in Spain - 2023
Contents:
- Pyrethrum and Peppermint Price in Spain (FOB) - 2023
- Pyrethrum and Peppermint Price in Spain (CIF) - 2023
- Pyrethrum and Peppermint Exports in Spain
- Pyrethrum and Peppermint Imports in Spain
Pyrethrum and Peppermint Price in Spain (FOB) - 2023
In August 2023, the average pyrethrum and peppermint export price amounted to $6,191 per ton, rising by 5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in June 2023 when the average export price increased by 48% m-o-m. As a result, the export price attained the peak level of $8,336 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Portugal ($18,658 per ton), while the average price for exports to Slovenia ($1,937 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pyrethrum and Peppermint Price in Spain (CIF) - 2023
The average pyrethrum and peppermint import price stood at $3,692 per ton in August 2023, waning by -16.2% against the previous month. Overall, import price indicated a mild expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, pyrethrum and peppermint import price increased by +2.9% against April 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 75% m-o-m. As a result, import price reached the peak level of $6,021 per ton. From November 2022 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,294 per ton), while the price for Tunisia ($1,294 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Pyrethrum and Peppermint Exports in Spain
In 2022, shipments abroad of pyrethrum and peppermint was finally on the rise to reach 19K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible setback.
In value terms, pyrethrum and peppermint exports contracted to $99M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 4.4%.
Export of Pyrethrum and Peppermint in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 19.9 | 22.0 | 30.1 | 26.5 | 10.0% |
France | 16.4 | 16.7 | 19.5 | 14.2 | -4.7% |
United Kingdom | 22.5 | 22.6 | 8.2 | 12.5 | -17.8% |
Netherlands | 9.8 | 8.9 | 9.0 | 10.0 | 0.7% |
Italy | 5.4 | 8.4 | 8.1 | 5.8 | 2.4% |
Belgium | 5.0 | 4.5 | 5.1 | 4.9 | -0.7% |
Portugal | 4.0 | 3.1 | 4.4 | 3.7 | -2.6% |
Poland | 2.5 | 1.2 | 1.7 | 2.7 | 2.6% |
United States | 3.0 | 2.2 | 3.2 | 2.6 | -4.7% |
Brazil | 0.4 | 0.9 | 1.7 | 1.7 | 62.0% |
Sweden | 1.1 | 1.4 | 1.9 | 1.6 | 13.3% |
Ireland | 1.2 | 1.8 | 2.6 | 1.3 | 2.7% |
Colombia | 0.8 | 1.1 | 1.0 | 1.1 | 11.2% |
Others | 8.5 | 10.3 | 11.9 | 10.1 | 5.9% |
Total | 100 | 105 | 108 | 98.6 | -0.5% |
Top Export Markets for Pyrethrum and Peppermint from Spain in 2022:
- Germany (4.1K tons)
- France (2.9K tons)
- Netherlands (2.1K tons)
- United Kingdom (2.1K tons)
- Belgium (1.6K tons)
- Italy (1.1K tons)
- Brazil (0.6K tons)
- Portugal (0.6K tons)
- Poland (0.5K tons)
- United States (0.4K tons)
- Sweden (0.4K tons)
- Colombia (0.3K tons)
- Ireland (0.3K tons)
Pyrethrum and Peppermint Imports in Spain
Pyrethrum and peppermint imports into Spain totaled 27K tons in 2022, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 4.6% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, pyrethrum and peppermint imports rose sharply to $117M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Pyrethrum and Peppermint in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 22.7 | 17.0 | 12.7 | 19.6 | -4.8% |
Morocco | 15.3 | 14.9 | 16.0 | 17.4 | 4.4% |
Poland | 4.6 | 5.3 | 7.5 | 8.7 | 23.7% |
France | 6.3 | 6.6 | 6.0 | 5.9 | -2.2% |
Bulgaria | 4.0 | 5.1 | 5.3 | 4.7 | 5.5% |
India | 2.9 | 3.8 | 3.1 | 4.6 | 16.6% |
Peru | 3.6 | 3.0 | 3.4 | 3.8 | 1.8% |
Egypt | 2.9 | 4.1 | 4.3 | 3.7 | 8.5% |
Italy | 1.3 | 3.8 | 2.9 | 3.4 | 37.8% |
Czech Republic | 2.4 | 2.2 | 2.8 | 2.9 | 6.5% |
Paraguay | 3.0 | 4.4 | 3.5 | 2.6 | -4.7% |
Austria | 1.3 | 2.5 | 2.2 | 1.8 | 11.5% |
Tunisia | 0.7 | 0.8 | 0.6 | 0.8 | 4.6% |
Others | 24.5 | 25.9 | 31.3 | 36.8 | 14.5% |
Total | 95.4 | 99.1 | 102 | 117 | 7.0% |
Top Suppliers of Pyrethrum and Peppermint to Spain in 2022:
- Morocco (7.4K tons)
- Egypt (2.1K tons)
- Poland (1.7K tons)
- United States (1.3K tons)
- Paraguay (1.3K tons)
- Czech Republic (1.2K tons)
- Peru (1.1K tons)
- Bulgaria (1.1K tons)
- India (0.9K tons)
- France (0.9K tons)
- Tunisia (0.9K tons)
- Italy (0.8K tons)
- Austria (0.8K tons)
This report provides an in-depth analysis of the pyrethrum and peppermint market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 754 - Pyrethrum, dried flowers
- FCL 748 - Peppermint, Spearmint
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Global pyrethrum market stood at X tons in 2015, equaling approx. X thousand USD. From 2007 to 2015, the global pyrethrum market showed overall downward dynamics. A significant drop in 2009
The volume of global imports on the pyrethrum market totaled X tons in 2015. Import dynamics were generally in line with exports, as these trade flows globally complement each other. Following the high trade intensity, imports accounted for about
From 2007 to 2015, the global pyrethrum market showed overall downward dynamics. A significant drop in 2009 (X% Y-o-Y) was followed by a mild recovery. Despite a healthy annual increase over the recovery period from 2010 to 2015, the market failed to
Global production of pyrethrum was estimated at X thousand USD in 2015, which was X thousand USD more than in 2014, and X thousand USD (or X%) less than the peak production level recorded in 2008.
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