Pyrethrum and Peppermint Market in Qatar
Market Overview
After six years of growth, the Qatari pyrethrum and peppermint market decreased by -
% to $ in . Over the period under review, consumption, however, posted buoyant growth. Pyrethrum and peppermint consumption peaked at $ in , and then fell in the following year.
% to $ in . Over the period under review, consumption, however, posted buoyant growth. Pyrethrum and peppermint consumption peaked at $ in , and then fell in the following year.Consumption
In , consumption of pyrethrum and peppermint decreased by -% to tons, falling for the second consecutive year after five years of growth. Overall, consumption, however, enjoyed resilient growth. Over the period under review, consumption attained the maximum volume at tons in ; however, from to , consumption remained at a lower figure.
The size of the pyrethrum and peppermint market in Qatar fell to $ in , dropping 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, saw a remarkable increase. Pyrethrum and peppermint consumption peaked at $ in , and then contracted in the following year.
, consumption of pyrethrum and peppermint decreased by -% to tons, falling for the second consecutive year after five years of growth. Overall, consumption, however, enjoyed resilient growth. Over the period under review, consumption attained the maximum volume at tons in ; however, from to , consumption remained at a lower figure.The size of the pyrethrum and peppermint market in Qatar fell to $
in , dropping 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, saw a remarkable increase. Pyrethrum and peppermint consumption peaked at $ in , and then contracted in the following year.Market Forecast
Driven by increasing demand for pyrethrum and peppermint in Qatar, the market is expected to continue an upward consumption trend over the next eight years. 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 Qatar consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
Qatar 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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