Morocco: Pyrethrum And Peppermint Market 2024

Pyrethrum And Peppermint Market Size in Morocco

In 2022, the Moroccan pyrethrum and peppermint market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, faced a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Pyrethrum And Peppermint Production in Morocco

In value terms, pyrethrum and peppermint production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Pyrethrum and peppermint production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Pyrethrum And Peppermint Exports

Exports from Morocco

Pyrethrum and peppermint exports from Morocco fell modestly to X tons in 2022, remaining constant against 2021 figures. In general, 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 growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pyrethrum and peppermint exports declined slightly to $X in 2022. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Spain (X tons) was the main destination for pyrethrum and peppermint exports from Morocco, accounting for a X% share of total exports. Moreover, pyrethrum and peppermint exports to Spain exceeded the volume sent to the second major destination, India (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Germany (X% per year).

In value terms, Spain ($X), France ($X) and Germany ($X) appeared to be the largest markets for pyrethrum and peppermint exported from Morocco worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pyrethrum and peppermint export price amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pyrethrum And Peppermint Imports

Imports into Morocco

In 2022, the amount of pyrethrum and peppermint imported into Morocco totaled X tons, surging by X% on the previous year. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pyrethrum and peppermint imports soared to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X tons), Egypt (X tons) and Tunisia (X tons) were the main suppliers of pyrethrum and peppermint imports to Morocco, together accounting for X% of total imports. China, Turkey, India, Greece, Mali, France, Poland and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, Mexico ($X) constituted the largest supplier of pyrethrum and peppermint to Morocco, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and China (X% per year).

Import Prices by Country

The average pyrethrum and peppermint import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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