Ireland: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Ireland

In 2021, the Irish pyrethrum and peppermint market decreased by -9.4% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -43.9% against 2017 indices. Pyrethrum and peppermint consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Pyrethrum And Peppermint Exports

Exports from Ireland

Pyrethrum and peppermint exports from Ireland soared to X tons in 2021, increasing by 62% against 2020. Overall, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.2% against 2019 indices. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrethrum and peppermint exports skyrocketed to $X in 2021. In general, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 193% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for pyrethrum and peppermint exports from Ireland, accounting for a 62% share of total exports. Moreover, pyrethrum and peppermint exports to Mexico exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+55.2% per year) and Spain (+37.9% per year).

In value terms, Mexico ($X) remains the key foreign market for pyrethrum and peppermint exports from Ireland, comprising 62% of total exports. The second position in the ranking was held by the UK ($X), with a 29% share of total exports. It was followed by the United States, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+46.8% per year) and the United States (+74.0% per year).

Export Prices by Country

In 2021, the average pyrethrum and peppermint export price amounted to $X per ton, dropping by -3.5% against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 163%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($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 Switzerland (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Ireland

In 2021, purchases abroad of pyrethrum and peppermint decreased by -15% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of 59%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, pyrethrum and peppermint imports shrank to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -40.7% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 46%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest pyrethrum and peppermint supplier to Ireland, with a 46% share of total imports. Moreover, pyrethrum and peppermint imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and India (+6.4% per year).

In value terms, China ($X), the United States ($X) and India ($X) constituted the largest pyrethrum and peppermint suppliers to Ireland, together accounting for 61% of total imports. France, the UK, Kenya and the Netherlands lagged somewhat behind, together comprising a further 28%.

Kenya, with a CAGR of +38.9%, saw the highest rates of growth with regard to 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 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.9%. The pace of growth was the most pronounced in 2014 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :