Pyrethrum and Peppermint Market in India
In value terms, pyrethrum and peppermint production contracted modestly to $ in estimated in export prices. Over the period under review, the total production indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by % y-o-y. Pyrethrum and peppermint production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.
The revenue of the pyrethrum and peppermint market in India reduced sharply to $ in , waning 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). Overall, consumption saw a noticeable slump. The pace of growth appeared the most rapid in 2018 with an increase of % y-o-y. As a result, consumption attained the peak level of $. from 2019 to , the growth of the market failed to regain the momentum.