World - Pyrethrum - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Global Pyrethrum Market to Expand Modestly through 2025
Photo: © MayaK / Bigstockphoto
According to market research conducted by IndexBox, global pyrethrum market stood at X tonnes in 2015, equaling approx. X thousand USD. From 2007 to 2015, the global pyrethrum market showed overall downward dynamics. A significant drop in 2009 (X% Y-o-Y) was followed by a mild recovery through 2012. Afterwards, the market declined again and then started a new moderate upward trend. Despite this, the market failed to achieve the pre-crisis level of 2008.
Switzerland (X tonnes), Papua New Guinea (X tonnes), Kenya (X tonnes), and Italy (X tonnes) were the countries with the highest demand, together comprising near X% of global consumption. The lowest annual growth rates of pyrethrum consumption from 2007 to 2015 were recorded in Kenya, where it declined at an average annual rate of -X%. Therefore, Kenya significantly weakened its share in global consumption structure from X% in 2007 to X% in 2015.
Switzerland (X gr/persons in 2015) and Papua New Guinea (X gr/persons) recorded high levels of per capita consumption, which was significantly higher than the world average of X gr/persons. In these countries, per capita consumption decreased in 2007-2015. The annual decrease in per capita consumption from 2007 to 2015 was the most pronounced in Kenya, with -X% per year.
Global growth in pyrethrum consumption trend is expected to accelerate to +X% (currently at -X%) in the medium term, which is to lead the consumption figure to X thousand tonnes in 2025. The development of the main consuming industry, which is the production of insecticides, will be a driver of this moderate growth in consumption.
Pyrethrum is a widely traded commodity, with the share of export in total global output standing at about X% in 2015. High trade intensity is determined mainly by the geographical differentiation between the main countries of pyrethrum manufacturing and the key consuming countries.
Pyrethrum will continue to be highly traded, fueled by increasing consumption, trade liberalization policies, as well as intense global and regional integration. However, annual growth could be restrained by the softening growth of pyrethrum manufacturing and the increasing domestic demand in some of the major exporting countries.
Do you want to know more about the global pyrethrum market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- pyrethrum market share
- pyrethrum prices
- pyrethrum industry
- pyrethrum sales
- pyrethrum market forecast
- pyrethrum price forecast
- key pyrethrum producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global pyrethrum and peppermint market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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