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Top Peppermint Exports & Imports by Country

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Peppermint oils & leaves
Peppermint
In 2022, international sales of peppermint oils exported from all countries were worth a total US$160.2 million.

Overall exports of peppermint oils fell by an average -15.1% since 2018 when globally exported peppermint totaled $188.7 million.

Year over year, the dollar value of peppermint exports also shrank by -15.1% compared to $188.7 million starting in 2021.

The 5 biggest peppermint exporters (India, United States of America, Germany, France and the United Kingdom) generated 89.1% of globally exported peppermint sales during 2022.

Applying a continental lens, countries in Asia sold the highest dollar worth of exported peppermint during 2022 with shipments valued at $69.4 million or 43.3% of the global total. In second place were exporters in North America at 34.2% while 21.4% of international peppermint sales originated from providers in Europe. Tinier percentages came from sellers in Oceania (0.6%) mostly Australia, Latin America (0.4%) excluding Mexico but including the Caribbean, and Africa (0.1%).

Focusing on peppermint import buyers, the 5 leading importers of peppermint in 2022 were the United States of America, Germany, Japan, mainland China and the United Kingdom. Collectively, that quintet of top buyers bought 45% of globally imported peppermint.

Those percentages suggest a much more concentrated cohort of 63 total peppermint exporters (89.1% for top 5 suppliers) compared to 144 importing countries, islands and territories with a corresponding 45% for the top 5 importers.

In addition, from a continental perspective, 40.6% of globally imported peppermint was delivered to Asian countries closely followed by importers in Europe (37.6%), North America (17%), then Latin America (2.3%) excluding Mexico but including the Caribbean, Oceania (1.3%) mostly Australia, and Africa (1.2%).

In 2022, the worldwide average unit price paid by importers was $34,025 per ton of peppermint oil. That dollar amount reflects a 4.4% price hike from the average tonnage rate of $32,593 for 2021.

For research purposes, the 6-digit Harmonized Tariff System code prefix is 330134 for peppermint oils.

Top Peppermint Exports by Country

Below are the top 15 countries that exported the highest dollar value worth of peppermint during 2022.

  1. India: US$67.3 million (42% of total peppermint exports)
  2. United States: $54.1 million (33.7%)
  3. Germany: $10.3 million (6.4%)
  4. France: $5.9 million (3.7%)
  5. United Kingdom: $5.1 million (3.2%)
  6. Netherlands: $3.8 million (2.4%)
  7. Switzerland: $1.9 million (1.2%)
  8. Spain: $1.7 million (1.1%)
  9. Croatia: $1.6 million (1%)
  10. Australia: $941,000 (0.6%)
  11. Ireland: $722,000 (0.5%)
  12. Italy: $680,000 (0.4%)
  13. Poland: $673,000 (0.4%)
  14. Canada: $668,000 (0.4%)
  15. China: $538,000 (0.3%)

By value, the listed 15 countries shipped 97.3% of globally exported peppermint in 2022.

Among the top exporters, the three growth exporters of peppermint since 2021 were: Poland (up 284.6%), Italy (up 41.4%), United Kingdom (up 5.7%).

Those countries that posted declines in their exported peppermint sales were led by: Canada (down -46.9% from 2021), Ireland (down -41.2%), Croatia (down -40.5%), Australia (down -35.5%) and the United States of America (down -23.8%).

Top Peppermint Imports by Country

Overall spending on imported peppermint fell by -10.6% over the 5-year period starting in 2018 and declined by -7.9% since 2021.

Below are the 15 best buying markets as measured by the highest dollar value worth of peppermint imported during 2022.

  1. United States: US$22.9 million (12.4% of total imported peppermint)
  2. Germany: $16.6 million (9%)
  3. Japan: $14.4 million (7.8%)
  4. China: $13.5 million (7.3%)
  5. United Kingdom: $11.7 million (6.3%)
  6. Hong Kong: $9.8 million (5.3%)
  7. France: $9.7 million (5.3%)
  8. Indonesia: $9.5 million (5.2%)
  9. Netherlands: $9.2 million (5%)
  10. Switzerland: $7.4 million (4%)
  11. India: $5.4 million (2.9%)
  12. Malaysia: $4.3 million (2.3%)
  13. South Korea: $4 million (2.2%)
  14. Italy: $3.7 million (2%)
  15. Mexico: $3.4 million (1.8%)

By value, the listed 15 countries bought 80.4% of globally imported peppermint in 2022.

Among the top importers, the fastest-growing importers of peppermint since 2021 were: Switzerland (up 26.9%), Germany (up 20%), South Korea (up 8.9%) and the United Kingdom (up 8.7%).

Major buyer countries that posted declines in their imported peppermint sales were led by: Malaysia (down -41.1% from 2021), India (down -29.1%), Indonesia (down -22.1%), mainland China (down -11.6%) and Japan (down -7.6%).

Lowest and Highest Unit Prices for Imported Peppermint

In 2022, the world’s average unit price for imported peppermint was US$34,025 per ton up by 4.4% compared to $32,593 one year earlier for 2021.

The average tonnage charge for the number one peppermint importer, the United States of America, was lower at $29,929 per ton.

Ranked in ascending order, listed below are the countries paying the least expensive average unit prices for imported peppermint in 2022.

  1. Congo: US$667 per ton (down -33.3% from 2021)
  2. Democratic Rep. Congo: $923 per ton (2021 data unavailable)
  3. Philippines: $6,468 per ton (down -38.9%)
  4. Portugal: $6,551 per ton (down -78.7%)
  5. Nigeria: $6,608 per ton (up 96.2%)
  6. Saudi Arabia: $7,000 per ton (down -84.1%)
  7. Malawi: $7,000 per ton (down -66.7%)
  8. Bermuda: $7,000 per ton (down -22.2%)
  9. Tanzania: $7,500 per ton (up 87.5%)
  10. Dominican Republic: $8,071 per ton (down 0%)
  11. Myanmar: $9,714 per ton (up 227.5%)
  12. Panama: $9,833 per ton (down -78.6%)
  13. St Vincent/Grenadines: $11,000 per ton (down -52.2%)
  14. Kenya: $12,333 per ton (down -6.3%)
  15. Estonia: $12,500 per ton (down -12.3%)

Posting the severest percentage reductions in average unit price per ton for peppermint from 2021 to 2022 were low-cost importers Saudi Arabia (down -84.1%), Portugal (down -78.7%), Panama (down -78.6%) and Malawi (down -66.7%).

The following countries paid for imported peppermint costing the highest average unit prices.

  1. Norway: US$234,000 per ton (up 37.6% from 2021)
  2. Iran: $97,167 per ton (up 102.4%)
  3. Finland: $75,500 per ton (up 16.2%)
  4. Ecuador: $72,000 per ton (up 107.2%)
  5. Greece: $67,000 per ton (up 11.7%)
  6. Sweden: $58,513 per ton (up 3.4%)
  7. French Polynesia: $54,000 per ton (up 86.2%)
  8. Hong Kong: $52,091 per ton (up 8.7%)
  9. Jordan: $52,000 per ton (up 45.5%)
  10. Poland: $49,350 per ton (down -26.5%)
  11. Czech Republic: $49,333 per ton (down -24.4%)
  12. Romania: $48,800 per ton (down -32.5%)
  13. Bulgaria: $48,000 per ton (down -43.9%)
  14. Belgium: $47,150 per ton (up 14.4%)
  15. China: $47,080 per ton (down -10.6%)

The greatest gainers in terms of higher average unit prices in 2022 compared to 2021 were paid by importers in Ecuador (up 107.2%), Iran (up 102.4%), French Polynesia (up 86.2%), Jordan (up 45.5%) and Norway (up 37.6%).

See also Top Exported Spices by Sales, Weight and Unit Value, Cinnamon Exports by Country, Top Garlic Exports by Country, Top Ginger Exporters and Best Tofu Exports by Sales, Average Unit Prices & Weight

Research Sources:
Alibaba, Peppermint Showroom. Accessed on November 7, 2023

Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on November 7, 2023

International Trade Centre, Trade Map. Accessed on November 7, 2023

Wikipedia, Peppermint. Accessed on November 7, 2023