Norway: Pyrethrum And Peppermint Market 2025

Pyrethrum And Peppermint Market Size in Norway

The Norwegian pyrethrum and peppermint market totaled $X in 2021, rising by 1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.4% against 2016 indices. Pyrethrum and peppermint consumption peaked in 2021 and is likely to continue growth in the immediate term.

Pyrethrum And Peppermint Exports

Exports from Norway

In 2021, after two years of growth, there was significant decline in shipments abroad of pyrethrum and peppermint, when their volume decreased by -7.8% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 4,440%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, pyrethrum and peppermint exports soared to $X in 2021. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 879%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for pyrethrum and peppermint exports from Norway, with a 98% share of total exports. It was followed by Denmark (X kg), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +48.0%.

In value terms, Sweden ($X) remains the key foreign market for pyrethrum and peppermint exports from Norway, comprising 93% of total exports. The second position in the ranking was held by Denmark ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden totaled +52.9%.

Export Prices by Country

The average pyrethrum and peppermint export price stood at $X per ton in 2021, with an increase of 34% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 1,100%. The export price peaked at $X per ton in 2015; however, from 2016 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 Denmark ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Norway

In 2021, approx. X tons of pyrethrum and peppermint were imported into Norway; growing by 6.6% compared with the previous year's figure. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 +88.7% against 2013 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 32%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, pyrethrum and peppermint imports dropped modestly to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +77.2% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Spain (X tons), Thailand (X tons) and Germany (X tons) were the main suppliers of pyrethrum and peppermint imports to Norway, together accounting for 46% of total imports. These countries were followed by India, Turkey, Cambodia, Kenya, Denmark, Egypt, Belgium, Sweden, the Netherlands and Ethiopia, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +66.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Thailand ($X) and India ($X) constituted the largest pyrethrum and peppermint suppliers to Norway, with a combined 34% share of total imports. These countries were followed by Germany, Turkey, Denmark, Cambodia, Kenya, the Netherlands, Sweden, Ethiopia, Belgium and Egypt, which together accounted for a further 41%.

Belgium, with a CAGR of +64.4%, saw 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

In 2021, the average pyrethrum and peppermint import price amounted to $X per ton, declining by -6.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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