Pyrethrum and Peppermint Market in Japan
In value terms, pyrethrum and peppermint production rose notably to $ in estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2017 to , production growth remained at a lower figure.
The size of the pyrethrum and peppermint market in Japan rose modestly to $ in , with an increase 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, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Pyrethrum and peppermint consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.