Finland: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Finland

In 2021, the Finnish pyrethrum and peppermint market decreased by -1.6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Pyrethrum and peppermint consumption peaked at $X in 2020, and then declined slightly in the following year.

Pyrethrum And Peppermint Exports

Exports from Finland

In 2021, the amount of pyrethrum and peppermint exported from Finland dropped rapidly to X tons, waning by -19.3% on the previous year's figure. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 286%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, pyrethrum and peppermint exports dropped markedly to $X in 2021. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 255% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Norway (X kg) and Russia (X kg) were the main destinations of pyrethrum and peppermint exports from Finland, together accounting for 79% of total exports. Switzerland, Sweden, the United States and China lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +130.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pyrethrum and peppermint exported from Finland were Estonia ($X), Norway ($X) and Switzerland ($X), with a combined 66% share of total exports. Sweden, China, Russia and the United States lagged somewhat behind, together comprising a further 16%.

Among the main countries of destination, China, with a CAGR of +344.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pyrethrum and peppermint export price amounted to $X per ton, declining by -16% against the previous year. Overall, the export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 262%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Russia ($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 China (+92.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Finland

In 2021, after two years of growth, there was decline in purchases abroad of pyrethrum and peppermint, when their volume decreased by -3.3% to X tons. Overall, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2014 when imports increased by 41% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports contracted to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 +89.4% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. Imports peaked at $X in 2020, and then shrank slightly in the following year.

Imports by Country

Germany (X tons), India (X tons) and Lithuania (X tons) were the main suppliers of pyrethrum and peppermint imports to Finland, together accounting for 61% of total imports.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +270.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint suppliers to Finland were Germany ($X), Lithuania ($X) and the Netherlands ($X), together accounting for 54% of total imports.

Lithuania, with a CAGR of +314.8%, recorded the highest rates of growth with regard to the value of imports, among 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, growing by 2.1% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price 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, pyrethrum and peppermint import price increased by +9.4% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 49%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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