Pyrethrum and Peppermint Market in Honduras
Market Overview
The Honduran pyrethrum and peppermint market soared to $
in , picking up 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 enjoyed strong growth. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a lower figure.
in , picking up 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 enjoyed strong growth. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a lower figure.Consumption
In , the amount of pyrethrum and peppermint consumed in Honduras surged to tons, growing by % against figures. Overall, consumption enjoyed strong growth. Over the period under review, consumption reached the peak volume at tons in 2016; however, from 2017 to , consumption remained at a lower figure.
The size of the pyrethrum and peppermint market in Honduras skyrocketed to $ in , jumping 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 continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.
, the amount of pyrethrum and peppermint consumed in Honduras surged to tons, growing by % against figures. Overall, consumption enjoyed strong growth. Over the period under review, consumption reached the peak volume at tons in 2016; however, from 2017 to , consumption remained at a lower figure.The size of the pyrethrum and peppermint market in Honduras skyrocketed to $
in , jumping 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 continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.Market Forecast
Driven by increasing demand for pyrethrum and peppermint in Honduras, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Pyrethrum and peppermint market in Honduras consists almost entirely of imported products.
Trade Balance
Honduras remains a net importer of pyrethrum and peppermint; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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