Chile: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Chile

For the fourth consecutive year, the Chilean pyrethrum and peppermint market recorded growth in sales value, which increased by 27% to $X in 2021. Overall, consumption enjoyed significant growth. Pyrethrum and peppermint consumption peaked in 2021 and is expected to retain growth in years to come.

Pyrethrum And Peppermint Production in Chile

In value terms, pyrethrum and peppermint production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of 4% against the previous year. Pyrethrum and peppermint production peaked at $X in 2020, and then shrank slightly in the following year.

Pyrethrum And Peppermint Exports

Exports from Chile

In 2021, overseas shipments of pyrethrum and peppermint decreased by -1.1% to X tons, falling for the third consecutive year after four years of growth. In general, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 8% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for pyrethrum and peppermint exports from Chile, with a 33% share of total exports. Moreover, pyrethrum and peppermint exports to Germany exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-5.9% per year) and Sweden (+1.3% per year).

In value terms, Germany ($X) remains the key foreign market for pyrethrum and peppermint exports from Chile, comprising 32% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Sweden, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.9% per year) and Sweden (+5.5% per year).

Export Prices by Country

In 2021, the average pyrethrum and peppermint export price amounted to $X per ton, rising by 27% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 Paraguay (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Chile

In 2021, overseas purchases of pyrethrum and peppermint increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pyrethrum and peppermint imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Peru (X tons) constituted the largest pyrethrum and peppermint supplier to Chile, accounting for a 47% share of total imports. Moreover, pyrethrum and peppermint imports from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.6% per year) and China (+16.2% per year).

In value terms, Peru ($X), the United States ($X) and China ($X) constituted the largest pyrethrum and peppermint suppliers to Chile, together accounting for 53% of total imports.

China, with a CAGR of +24.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pyrethrum and peppermint import price stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2013 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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