GCC: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in GCC

The GCC pyrethrum and peppermint market skyrocketed to $X in 2022, picking up by X% against the previous year. The total consumption indicated a noticeable 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, consumption increased by X% against 2015 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Pyrethrum And Peppermint Production in GCC

In value terms, pyrethrum and peppermint production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X,550% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Pyrethrum And Peppermint Exports

Exports in GCC

In 2022, the amount of pyrethrum and peppermint exported in GCC surged to X tons, jumping by X% on the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pyrethrum and peppermint exports surged to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Saudi Arabia (X tons) and Bahrain (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pyrethrum and peppermint exports from the United Arab Emirates stood at X%. At the same time, Bahrain (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest pyrethrum and peppermint supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, jumping by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Pyrethrum And Peppermint Imports

Imports in GCC

In 2022, pyrethrum and peppermint imports in GCC skyrocketed to X tons, surging by X% against 2021 figures. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, pyrethrum and peppermint imports expanded notably to $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X tons, which amounted to X% of total imports. Saudi Arabia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%). Qatar (X tons) and Bahrain (X tons) held a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Qatar increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pyrethrum and peppermint importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), together accounting for X% of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 GCC amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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 Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :