In 2023, the gross production value of dried pyrethrum in Italy stood at a certain baseline, which increased modestly in 2024 to $438.86 thousand USD (PPP 2004–2006). The forecasted data from 2024 to 2028 shows a steady annual increase in production value, with figures rising from $438.86 thousand USD in 2024 to $445.28 thousand USD by 2028. This translates to a year-on-year growth rate averaging approximately 0.4%. The compound annual growth rate (CAGR) over these five years is similarly modest, indicating stable but slow market growth.
Future trends to watch:
- Potential changes in global demand for pyrethrum, driven by organic farming and green pesticide trends.
- Supply chain disruptions or climatic conditions affecting pyrethrum yield.
- Technological advancements in extraction and processing increasing production efficiency.
