Africa: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Africa

The African pyrethrum and peppermint market rose notably to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Africa

In value terms, pyrethrum and peppermint production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Pyrethrum And Peppermint Exports

Exports in Africa

In 2022, approx. X tons of pyrethrum and peppermint were exported in Africa; with an increase of X% compared with 2021 figures. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pyrethrum and peppermint exports expanded modestly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Morocco (X tons) and Egypt (X tons) were the key exporters of pyrethrum and peppermint in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Kenya (X tons), Nigeria (X tons) and Democratic Republic of the Congo (X tons), together generating a X% share of total exports. Sudan (X tons), Tunisia (X tons), Madagascar (X tons), South Africa (X tons), Ghana (X tons), Tanzania (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest pyrethrum and peppermint supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with an X% share of total exports. It was followed by Kenya, with a X% share.

In Egypt, pyrethrum and peppermint exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Kenya (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports in Africa

In 2022, pyrethrum and peppermint imports in Africa expanded notably to X tons, growing by X% against 2021 figures. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, pyrethrum and peppermint imports reached $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Morocco (X tons) and Kenya (X tons) were the main importers of pyrethrum and peppermint in 2022, recording near X% and X% of total imports, respectively. Madagascar (X tons) ranks next in terms of the total imports with a X% share, followed by Egypt (X%), Algeria (X%), Sudan (X%), South Africa (X%) and Tunisia (X%). Tanzania (X tons), Libya (X tons), Rwanda (X tons), Benin (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pyrethrum and peppermint importing markets in Africa were Morocco ($X), Egypt ($X) and Kenya ($X), with a combined X% share of total imports.

In terms of the main importing countries, Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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