European Pyrethrum and Peppermint Imports Keep Robust Growth
IndexBox has just published a new report: ‘EU – Pyrethrum – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
Last year, European pyrethrum and peppermint imports rose by +10.2% y-o-y to $989M. Germany remains the largest pyrethrum and peppermint importer in the EU, accounting for 37% of the total imports. The Netherlands, Austria, Italy, Poland, Spain and France ramped up the volume of purchases from abroad, while the supplies to Germany dropped slightly. The Netherlands emerged as the fastest-growing importer in 2020. The pyrethrum and peppermint import price in the EU grew by +9.2% y-o-y compared to the figures of 2019.
Pyrethrum and Peppermint Imports in the EU
In 2020, approx. 189K tonnes of pyrethrum and peppermint were imported in the EU; approximately equating the previous year’s figure. In value terms, pyrethrum and peppermint imports rose significantly by +10.2% y-o-y to $989M (IndexBox estimates) in 2020.
Germany was the key importing country with an import of about 70K tonnes, which accounted for 37% of total imports. It was distantly followed by Spain (25K tonnes), France (20K tonnes), the Netherlands (13K tonnes), Italy (12K tonnes) and Poland (12K tonnes), together mixing up a 43% share of the total imports. Austria (5.7K tonnes) occupied a relatively small share of total imports.
In 2020, average annual rates of growth with regard to pyrethrum and peppermint imports into Germany stood at -2.9%. At the same time, the Netherlands (+24.0%), Austria (+16.1%), Italy (+6.5%), Poland (+5.6%), Spain (+2.1%) and France (+1.9%) displayed positive paces of growth. The Netherlands emerged as the fastest-growing European importer in 2020.
In value terms, Germany ($352M) constitutes the largest market for imported pyrethrum and peppermint in the EU, comprising 36% of total imports. The second position in the ranking was occupied by France ($111M), with an 11% share of total imports. It was followed by Spain, with a 9.9% share.
In 2020, the pyrethrum and peppermint import price in the EU amounted to $5,233 per tonne, growing by +9.2% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Austria ($6,786 per tonne), while Spain ($3,875 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform