The Netherlands, Austria, Italy, Poland, Spain and France increased the volume of purchases abroad, while deliveries to Germany fell slightly.
IndexBox has just published a new report: “EU – Pyrethrum – Market Analysis, Forecast, Size, Trends and Insights”. Here is a summary of the main findings of the report.
Last year, European imports of pyrethrum and peppermint increased + 10.2% year-on-year to $ 989 million. Germany remains the largest importer of pyrethrum and peppermint in the EU, accounting for 37% of total imports. The Netherlands, Austria, Italy, Poland, Spain and France increased the volume of purchases abroad, while deliveries to Germany fell slightly. The Netherlands became the fastest growing importer in 2020. The import price of pyrethrum and peppermint into the EU rose + 9.2% year-on-year from figures from 2019.
Imports of pyrethrum and peppermint into the EU
In 2020, approx. 189,000 tonnes of pyrethrum and peppermint were imported into the EU; approximately equal to the number of the previous year. In terms of value, imports of pyrethrum and peppermint increased significantly by + 10.2% year-on-year to $ 989 million (IndexBox estimates) in 2020.
Germany was the main importing country with an import of around 70,000 tonnes, which represented 37% of total imports. It was followed at a distance by Spain (25,000 tonnes), France (20,000 tonnes), the Netherlands (13,000 tonnes), Italy (12,000 tonnes) and Poland (12,000 tonnes), together representing 43% of total imports. Austria (5.7K tonnes) occupied a relatively small share of total imports.
In 2020, the average annual growth rates of pyrethrum and peppermint imports into Germany were -2.9%. At the same time, the Netherlands (+ 24.0%), Austria (+ 16.1%), Italy (+ 6.5%), Poland (+ 5.6%), l He Spain (+ 2.1%) and France (+ 1.9%) are showing positive growth rates. The Netherlands became the fastest growing European importer in 2020.
In terms of value, Germany ($ 352 million) is the largest market for pyrethrum and peppermint imported into the EU, accounting for 36% of total imports. The second position in the ranking was occupied by France (111 M $), with an 11% share of total imports. It was followed by Spain, with a 9.9% share.
In 2020, the import price of pyrethrum and peppermint into the EU was $ 5,233 per tonne, up + 9.2% from the previous year. Prices varied significantly depending on the country of destination; the country with the highest price was Austria ($ 6,786 per tonne), while Spain ($ 3,875 per tonne) was among the lowest. In 2020, the most notable price growth rate was achieved by the Netherlands, while the other leaders experienced more modest growth rates.
Source: IndexBox platform