The global export of essential oils of peppermint, as of 2024, is led by the United States and India, with values standing at 2.3104 and 1.9738 million kilograms respectively. The U.S. experienced a slight decrease of 1.31%, while India's export volume fell by 3.05%. Rising trends were noted in Switzerland and South Korea, demonstrating substantial increases of 10.81% and 75.72% respectively. Notable gains were also observed in countries like Slovakia and Australia. However, the Netherlands and Sweden witnessed significant declines. The Compound Annual Growth Rate (CAGR) over the last five years highlights steady increases in select smaller markets.
Future trends to watch include the burgeoning export potential from emerging markets like South Korea and New Zealand, which showed exceptional growth rates. Stability or slight increases are expected in European countries like Germany and Spain, as demand in those regions grows. Attention should also be on the innovation in distillation techniques and sustainable practices, which could influence growth dynamics in the peppermint oil export market.
Top countries in Export of Essential Oils of Peppermint by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,310,400 | 2023 | -0.62% | -1.31% | View data |
| 2 | 2 India | 1,973,800 | 2023 | -2.77% | -3.05% | View data |
| 3 | 3 Germany | 162,570 | 2023 | +0.082% | +1.67% | View data |
| 4 | 4 United Kingdom | 128,460 | 2023 | -7.16% | -2.36% | View data |
| 5 | 5 France | 103,670 | 2023 | -2.81% | -3.17% | View data |
| 6 | 6 Spain | 84,640 | 2023 | +3.93% | +4.25% | View data |
| 7 | 7 Belgium | 42,500 | 2023 | +5.93% | +1.43% | View data |
| 8 | 8 Canada | 41,240 | 2023 | +5.81% | +1.8% | View data |
| 9 | 9 Chile | 37,870 | 2023 | +2.77% | +2.1% | View data |
| 10 | 10 Switzerland | 32,320 | 2023 | +3.54% | +10.81% | View data |
