Australia and Oceania: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Australia and Oceania

The pyrethrum and peppermint market in Australia and Oceania surged to $X in 2022, increasing by 69% against the previous year. Over the period under review, consumption saw a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pyrethrum And Peppermint Production in Australia and Oceania

In value terms, pyrethrum and peppermint production soared to $X in 2022 estimated in export price. In general, production posted buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Pyrethrum And Peppermint Exports

Exports in Australia and Oceania

In 2022, overseas shipments of pyrethrum and peppermint increased by 35% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 81%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Australia (X tons) was the main exporter of pyrethrum and peppermint, generating 69% of total exports. Fiji (X tons) ranks second in terms of the total exports with a 19% share, followed by New Zealand (6.5%). New Caledonia (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pyrethrum and peppermint exports from Australia stood at +5.7%. At the same time, Fiji (+40.8%), New Caledonia (+5.6%) and New Zealand (+2.1%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +40.8% from 2012-2022. By contrast, Papua New Guinea (-9.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Fiji increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pyrethrum and peppermint supplying countries in Australia and Oceania were Australia ($X), Fiji ($X) and New Zealand ($X), together comprising 98% of total exports.

In terms of the main exporting countries, Fiji, with a CAGR of +45.4%, saw 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

In 2022, the export price in Australia and Oceania amounted to $X per ton, growing by 27% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 increased by +102.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 43%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Fiji ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+11.6%), while the other leaders experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in purchases abroad of pyrethrum and peppermint, which increased by 62% to X tons in 2022. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint imports soared to $X in 2022. Overall, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia prevails in imports structure, recording X tons, which was approx. 84% of total imports in 2022. It was distantly followed by New Zealand (X tons), generating a 6.7% share of total imports. The following importers - New Caledonia (X tons), Fiji (X tons) and Marshall Islands (X tons) - together made up 7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to pyrethrum and peppermint imports into Australia stood at +9.9%. At the same time, Marshall Islands (+63.4%), Fiji (+16.4%) and New Zealand (+10.9%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +63.4% from 2012-2022. New Caledonia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Marshall Islands increased by +1.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported pyrethrum and peppermint in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports. It was followed by New Caledonia, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +15.8%. In the other countries, the average annual rates were as follows: New Zealand (+16.4% per year) and New Caledonia (+10.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 2% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 import price decreased by -11.7% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 23%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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