Pyrethrum and Peppermint Market in Colombia
In value terms, pyrethrum and peppermint production stood at $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2010 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to , production remained at a lower figure.
The value of the pyrethrum and peppermint market in Colombia surged to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.