Kenya: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Kenya

In 2021, after four years of growth, there was significant decline in the Kenyan pyrethrum and peppermint market, when its value decreased by -72.2% to $X. Over the period under review, consumption, however, showed temperate growth. Pyrethrum and peppermint consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Pyrethrum And Peppermint Production in Kenya

In value terms, pyrethrum and peppermint production fell to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 27%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports from Kenya

In 2021, the amount of pyrethrum and peppermint exported from Kenya skyrocketed to X tons, increasing by 313% against the year before. In general, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 1,032% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 847%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for pyrethrum and peppermint exports from Kenya, with a 43% share of total exports. Moreover, pyrethrum and peppermint exports to the Netherlands exceeded the volume sent to the second major destination, India (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.0% per year) and the UK (-14.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for pyrethrum and peppermint exports from Kenya, comprising 48% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-17.5% per year) and India (+17.2% per year).

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per ton in 2021, with a decrease of -15.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 84% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Japan ($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 (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Kenya

In 2021, the amount of pyrethrum and peppermint imported into Kenya surged to X tons, jumping by 22% against the previous year's figure. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 457%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, pyrethrum and peppermint imports soared to $X in 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 524% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Democratic Republic of the Congo (X tons) constituted the largest supplier of pyrethrum and peppermint to Kenya, with a 82% share of total imports. Moreover, pyrethrum and peppermint imports from Democratic Republic of the Congo exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Democratic Republic of the Congo amounted to +56.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.5% per year) and Tanzania (+25.2% per year).

In value terms, Democratic Republic of the Congo ($X) constituted the largest supplier of pyrethrum and peppermint to Kenya, comprising 87% of total imports. The second position in the ranking was held by Tanzania ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Democratic Republic of the Congo totaled +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+24.3% per year) and Vietnam (+29.8% per year).

Import Prices by Country

In 2021, the average pyrethrum and peppermint import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 Democratic Republic of the Congo ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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