What is the price of peppermint oil per kilogram/pound in Jamaica today?
The retail price range for Jamaica peppermint oil is between US$ 19.14 and US$ 32.54 per kilogram or between US$ 8.68 and US$ 14.76 per pound(lb). Click here to see today's exact prices of peppermint oil in Jamaica
The retail price range in Jamaican Dollar for peppermint oil is between JMD 2,980.75 and JMD 5,068.32 per kilogram or between JMD 1,351.81 and JMD 2,298.56 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica peppermint oil is between US$ 13.40 and US$ 22.78 per kilogram or between US$ 6.08 and US$ 10.33 per pound(lb).
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Jamaica Peppermint Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peppermint Oil from Jamaica over the last five years has seen a significant fluctuation. In 2015, the price was 13.00 US dollars per kg, which increased to 21.00 US dollars per kg in 2016. However, the price dropped to 14.00 US dollars per kg in 2017. In 2018, the price skyrocketed to 62.00 US dollars per kg, before dropping to 22.50 US dollars per kg in 2019. The price then decreased further to 15.67 US dollars per kg in 2020, before increasing to 26.20 US dollars per kg in 2021. Based on this data, it is predicted that the export price per kilogram of Peppermint Oil from Jamaica in 2023 will be around 28.00 US dollars per kg, and in 2024 it will be around 30.00 US dollars per kg.Jamaica Peppermint Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peppermint Oil into Jamaica over the last five years has been quite varied. In 2015, the price was 13.00 US dollars per kg, followed by a significant increase to 21.00 US dollars per kg in 2016. This was followed by a decrease to 14.00 US dollars per kg in 2017. In 2018, the price saw a sharp increase to 62.00 US dollars per kg, before dropping back to 22.50 US dollars per kg in 2019. The most recent year, 2020, saw the price drop to 15.67 US dollars per kg. 2021 has seen a slight increase to 26.20 US dollars per kg. Looking ahead, it is likely that the import price per kilogram of Peppermint Oil into Jamaica will remain relatively stable in the coming years. Based on the data, it is predicted that the price in 2023 will be around 24.00 US dollars per kg, and in 2024 it will be around 25.00 US dollars per kg.Export values for Jamaica peppermint oil
The total values in export for peppermint oil in Jamaica were US$ 21, US$ 28, US$ 62 and US$ 45 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of peppermint oil in other countries across Caribbean: Aruba peppermint oil, Bahamas peppermint oil, Barbados peppermint oil, Cuba peppermint oil, Dominican Republic peppermint oil, Grenada peppermint oil, Guadeloupe peppermint oil, Haiti peppermint oil, Jamaica peppermint oil & Martinique peppermint oil.
Jamaica peppermint oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica sold 2 tonnes of peppermint oil. Across 2019 alone, the demand for Jamaica peppermint oil (processed category) has improved, flactuating by 100 percent compared to the year 2018. Between 2017 and 2019, peppermint oil's exports was steady 0 percent netting the country US$0.04m for the year 2019. Jamaica's peppermint oil exports are categorised as:
- Oils of peppermint "Mentha piperita", whether or not terpeneless, incl. concretes and absolutes (HS code 330124)
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Jamaica peppermint oil export values
In 2019, Jamaica supplied peppermint oil with a value of 0.04m USD, a contraction of -35.48% from 2018's total peppermint oil export of 0.062m USD. The yearly reduction in value of Jamaica peppermint oil between 2017 to 2018 was 121.429 pc.
The per year variation in the amount of Jamaica's peppermint oil exports between 2017 and 2019 was 0 pc in comparison to a variation of 100% in the period between 2018 and 2019.
Jamaica's share of the world's total peppermint oil's exports in 2019 was less than 1%. Jamaica is ranked number 83 in world exports of peppermint oil.
Export markets for Jamaica peppermint oil ( in '000$ )
Import/Export Trends
Jamaica is a net exporter of peppermint oil. The annual growth of Jamaica peppermint oil in value between 2015 to 2019 was 18%, per annum, while annual growth in quantity for the same period was 16%, per annum.
Jamaica purchased 2 tonnes of peppermint oil in 2019.