Asia: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Asia

The Asian pyrethrum and peppermint market expanded to $X in 2021, growing by 2.1% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Pyrethrum And Peppermint Production in Asia

In value terms, pyrethrum and peppermint production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Pyrethrum And Peppermint Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in shipments abroad of pyrethrum and peppermint, which increased by 2.6% to X tons in 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) and India (X tons) represented roughly 58% of total exports in 2021. It was distantly followed by Vietnam (X tons), committing a 14% share of total exports. The following exporters - Afghanistan (X tons), Pakistan (X tons), Myanmar (X tons), Indonesia (X tons), Thailand (X tons), Turkey (X tons) and Uzbekistan (X tons) - together made up 19% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +25.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest pyrethrum and peppermint supplier in Asia, comprising 53% of total exports. The second position in the ranking was taken by India ($X), with a 25% share of total exports. It was followed by Vietnam, with a 3.3% share.

In China, pyrethrum and peppermint exports increased at an average annual rate of +2.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+8.7% per year) and Vietnam (+14.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 4.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the export price increased by 13%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+16.8%), while the other leaders experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports in Asia

In 2021, purchases abroad of pyrethrum and peppermint increased by 0.7% to X tons, rising for the fourth year in a row after four years of decline. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, pyrethrum and peppermint imports rose notably to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

China (X tons) and India (X tons) represented roughly 39% of total imports in 2021. Japan (X tons) took a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (6.6%), Vietnam (6.1%), Hong Kong SAR (4.8%), Taiwan (Chinese) (4.7%) and Bangladesh (4.5%). Pakistan (X tons), Singapore (X tons), Thailand (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Bangladesh (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2021, together accounting for 35% of total imports. Taiwan (Chinese), India, Hong Kong SAR, Singapore, Vietnam, Malaysia, the United Arab Emirates, Thailand, Bangladesh and Pakistan lagged somewhat behind, together comprising a further 47%.

Among the main importing countries, Bangladesh, with a CAGR of +12.3%, 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 2021, the import price in Asia amounted to $X per ton, picking up by 9.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 when the import price increased by 20% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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