Eastern Europe: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Eastern Europe

The East European pyrethrum and peppermint market skyrocketed to $X in 2021, surging by 25% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pyrethrum And Peppermint Production in Eastern Europe

In value terms, pyrethrum and peppermint production declined sharply to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +72.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Pyrethrum And Peppermint Exports

Exports in Eastern Europe

In 2021, shipments abroad of pyrethrum and peppermint increased by 0.2% to X tons, rising for the fifth year in a row after two years of decline. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 8.6%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, pyrethrum and peppermint exports expanded rapidly to $X in 2021. Total exports indicated a strong expansion 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, exports increased by +98.3% against 2015 indices. The growth pace was the most rapid in 2018 when exports increased by 28% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Poland was the largest exporting country with an export of about X tons, which finished at 40% of total exports. It was distantly followed by Bulgaria (X tons), Ukraine (X tons), Russia (X tons), the Czech Republic (X tons) and Latvia (X tons), together committing a 51% share of total exports. Hungary (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to pyrethrum and peppermint exports from Poland stood at +3.1%. At the same time, Russia (+24.6%), Latvia (+24.5%), the Czech Republic (+15.7%) and Ukraine (+5.2%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +24.6% from 2012-2021. By contrast, Bulgaria (-3.6%) and Hungary (-7.7%) illustrated a downward trend over the same period. Russia (+7.4 p.p.), Latvia (+4.2 p.p.), the Czech Republic (+4.1 p.p.) and Ukraine (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Poland, Hungary and Bulgaria saw its share reduced by -1.5%, -4% and -15.2% from 2012 to 2021, respectively.

In value terms, Poland ($X) remains the largest pyrethrum and peppermint supplier in Eastern Europe, comprising 45% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 14% share of total exports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled +6.2%. In the other countries, the average annual rates were as follows: Bulgaria (+1.5% per year) and the Czech Republic (+11.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, rising by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2018 an increase of 21%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+5.3%), while the other leaders experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports in Eastern Europe

For the fifth year in a row, Eastern Europe recorded growth in overseas purchases of pyrethrum and peppermint, which increased by 12% to X tons in 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Total imports indicated a strong expansion from 2012 to 2021: its value 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, imports increased by +84.1% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons) and Russia (X tons) were the largest importers of pyrethrum and peppermint in 2021, reaching approx. 34% and 27% of total imports, respectively. The Czech Republic (X tons) took the next position in the ranking, followed by Latvia (X tons). All these countries together took near 19% share of total imports. Ukraine (X tons), Bulgaria (X tons), Romania (X tons), Hungary (X tons), Lithuania (X tons), Belarus (X tons) and Slovakia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Latvia (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for 69% of total imports. These countries were followed by Latvia, Romania, Hungary, Bulgaria, Slovakia, Ukraine, Belarus and Lithuania, which together accounted for a further 30%.

Latvia, with a CAGR of +20.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, picking up by 7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2017 when the import price increased by 8.1%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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