Pyrethrum and Peppermint Market in India
Market Overview
The Indian pyrethrum and peppermint market reduced rapidly to $
in , with a decrease of -% 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 continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. from 2019 to , the growth of the market remained at a lower figure.
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.
in , with a decrease of -% 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 continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. from 2019 to , the growth of the market remained at a lower figure.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.Consumption
In , the amount of pyrethrum and peppermint consumed in India declined rapidly to tonnes, reducing by -% compared with 2019. Over the period under review, consumption continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2009; however, from 2010 to , consumption stood at a somewhat 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.
, the amount of pyrethrum and peppermint consumed in India declined rapidly to tonnes, reducing by -% compared with 2019. Over the period under review, consumption continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2009; however, from 2010 to , consumption stood at a somewhat 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.Market Forecast
Depressed by shrinking demand for pyrethrum and peppermint in India, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tonnes by the end of .
% for the period from to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in India increased significantly over the last thirteen-year period (from % to %).
% to %).Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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