Croatia: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Croatia

The Croatian pyrethrum and peppermint market declined significantly to $X in 2021, with a decrease of -77.5% against the previous year. Overall, consumption showed a dramatic curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Pyrethrum And Peppermint Production in Croatia

In value terms, pyrethrum and peppermint production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 57% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Pyrethrum And Peppermint Exports

Exports from Croatia

In 2021, exports of pyrethrum and peppermint from Croatia soared to X tons, increasing by 30% against the previous year. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 148% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2021. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 41%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for pyrethrum and peppermint exports from Croatia, with a 51% share of total exports. Moreover, pyrethrum and peppermint exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. India (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.5% per year) and India (+17.6% per year).

In value terms, Germany ($X) remains the key foreign market for pyrethrum and peppermint exports from Croatia, comprising 43% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+19.2% per year) and the United States (+21.6% per year).

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 156% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Albania ($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 Serbia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Croatia

In 2021, the amount of pyrethrum and peppermint imported into Croatia surged to X tons, jumping by 37% against 2020 figures. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 305% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, pyrethrum and peppermint imports soared to $X in 2021. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Bulgaria (X tons), Poland (X tons) and Albania (X tons) were the main suppliers of pyrethrum and peppermint imports to Croatia, together accounting for 44% of total imports. Germany, Hungary, the Netherlands, Egypt, Italy, Serbia, Austria, the Czech Republic, Ukraine and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +78.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and Poland ($X) were the largest pyrethrum and peppermint suppliers to Croatia, with a combined 42% share of total imports. These countries were followed by Albania, Hungary, Austria, Italy, Serbia, the Czech Republic, Egypt, Bosnia and Herzegovina, the Netherlands and Ukraine, which together accounted for a further 41%.

Among the main suppliers, Ukraine, with a CAGR of +69.5%, 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 average pyrethrum and peppermint import price amounted to $X per ton, shrinking by -9.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 253% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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