Bergamot Oil Price Trend and Forecast

Bergamot Oil Regional Price Overview

Get the latest insights on price movement and trend analysis of Bergamot Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Bergamot Oil Price Trend for the Second Half of 2024

The Citrus bergamia fruit peel is used to make bergamot oil, which has a refreshing, citrusy scent and is used in various sectors. It is a popular ingredient in perfumes, colognes, and air fresheners, as well as in flavoring teas and candies. The skincare industry has embraced bergamot oil as a soothing ingredient, widely used in lotions and creams for its therapeutic properties. The bergamot oil price graph exhibited a fluctuating trend with an upward bias in the latter half of 2024.
 

Bergamot Oil Price Chart

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The primary cause of this increase was a supply shortage. Production faced multiple challenges, including unfavorable weather conditions in major producing regions such as Italy, leading to poor fruit harvests that hampered the extraction process. The crop yield was significantly affected by weather-related issues, while the labor-intensive cold-pressing method contributed to rising production costs.

The demand for genuine bergamot oil, particularly from the fragrance and cosmetic industries, continued to grow, resulting in higher prices. Supply constraints and increasing demand contributed to price fluctuations in the latter half of 2024. Due to the scarcity of genuine bergamot oil, many industries were compelled to explore synthetic alternatives or blended oils to meet the growing demand.

Analyst Insight

According to Procurement Resource, the Bergamot Oil price curve is likely to show slight upward movements in the prices until the supply of the commodity normalizes; however, the weather-related issues may pose some challenges to the availability of raw materials.

Procurement Resource provides latest prices of Bergamot Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.