Australia: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Australia

The Australian pyrethrum and peppermint market surged to $X in 2021, picking up by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +84.8% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Pyrethrum And Peppermint Exports

Exports from Australia

In 2021, shipments abroad of pyrethrum and peppermint increased by 118% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2021. Overall, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for pyrethrum and peppermint exports from Australia, with a 42% share of total exports. Moreover, pyrethrum and peppermint exports to India exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+54.3% per year) and Germany (+14.6% per year).

In value terms, the largest markets for pyrethrum and peppermint exported from Australia were the United States ($X), India ($X) and Germany ($X), with a combined 74% share of total exports. These countries were followed by Italy, New Zealand, China, France, the United Arab Emirates and the Netherlands, which together accounted for a further 21%.

China, with a CAGR of +73.2%, recorded the highest growth rate of 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 2021, shrinking by -22.3% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 46% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Australia

In 2021, purchases abroad of pyrethrum and peppermint increased by 31% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint imports skyrocketed to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Canada (X tons) and China (X tons) were the main suppliers of pyrethrum and peppermint imports to Australia, together comprising 50% of total imports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +93.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Australia were Canada ($X), India ($X) and China ($X), with a combined 55% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +100.6%, recorded the highest rates of growth with regard to 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 average pyrethrum and peppermint import price amounted to $X per ton, rising by 23% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pyrethrum and peppermint import price increased by +19.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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