Saturday, June 16, 2012

GLOBAL MARKET OF MENTHA OIL


Global Scenario of mentha oil
India is contributing to 73% of total production and rest is contributed by China (18%) followed by Brazil and USA. Global output has touched 30,000 tons during 2007. However, consumption has shown steady growth over a period of time. In recent years, the global output has firmed up further and the output from India alone is estimated to be close to 32,000 tons in 2009-10. Mentha oil production is increasing substantially since last couple of years with more contribution from India. Global output has touched 30,000 tons during 2007. However, consumption has shown steady growth over a period of time. In recent years, the global output has firmed up further and the output from India alone estimated close to 32,000 tons in 2009-10. Exports of mint products from India are increasing over the years, which include menthol flakes, menthol crystals, mint oils. This could mainly be attributed to rising overseas demand for India produce. The major destinations of export for India includes countries such as Argentina, Brazil, France, Germany, Japan, UK, USA etc

The following are the major mint oil producing countries
  • India
  • China
  • Brazil
  • United States
  • Japan
As mentioned earlier, India became the world’s leading producer after green revolution was started in India. Rampur in India became the 1st place in India where mentha production was introduced.

India exports mentha oil and its derivatives to countries including
  • Argentina
  • Brazil
  • European Union
  • Japan
  • US
  These exports have a worth of around 100 crores and earns a good amount foreign exchange to India.
India exports about 16,500 tons of mentha per annum (average for last five years). It has recorded as high as 21,100 tons in 2007-08. Exports of mint products from India are increasing over the years, which include Menthol flakes, Menthol crystals mint oils. This could mainly be attributed to rising overseas demand for Indian produce. The major destinations for India includes countries such as Argentina, Brazil, France, Germany, Japan, UK, USA, etc. Before 2001, India was not a significant player in this market. After 2002 onwards India became a major supplier of mentha oil in the world.

8 comments:

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