Brazil: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Brazil

The Brazilian pyrethrum and peppermint market dropped to $X in 2021, declining by -5.1% 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, consumption, however, saw a strong increase. Pyrethrum and peppermint consumption peaked at $X in 2020, and then contracted in the following year.

Pyrethrum And Peppermint Exports

Exports from Brazil

In 2021, approx. X tons of pyrethrum and peppermint were exported from Brazil; picking up by 6% compared with the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 8.6% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrethrum and peppermint exports amounted to $X in 2021. Over the period under review, exports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 9.6%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of pyrethrum and peppermint exports from Brazil, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +135.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pyrethrum and peppermint exported from Brazil were the Netherlands ($X), Germany ($X) and the United States ($X), with a combined 60% share of total exports.

The Netherlands, with a CAGR of +110.7%, saw 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, remaining constant against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Philippines (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pyrethrum And Peppermint Imports

Imports into Brazil

In 2021, after five years of growth, there was significant decline in supplies from abroad of pyrethrum and peppermint, when their volume decreased by -15.8% to X tons. In general, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 45% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, pyrethrum and peppermint imports stood at $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 54%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Peru (X tons), Egypt (X tons) and India (X tons) were the main suppliers of pyrethrum and peppermint imports to Brazil, with a combined 63% share of total imports. These countries were followed by Turkey, Spain, Chile, Nigeria, Argentina, Bolivia, the United States, Morocco and Germany, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +38.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of pyrethrum and peppermint to Brazil, comprising 32% of total imports. The second position in the ranking was held by Egypt ($X), with a 12% share of total imports. It was followed by India, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Peru stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+16.7% per year) and India (+18.6% per year).

Import Prices by Country

The average pyrethrum and peppermint import price stood at $X per ton in 2021, growing by 21% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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