Lavender Oil Price Trend and Forecast

Lavender Oil Regional Price Overview

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

Lavender Oil Price Trend for the Second Half of 2024

The prices of lavender oil remained relatively stable, with a slight upward trend in the latter half of 2024, primarily due to consistent production from key growing regions. Bulgaria, the largest producer of lavender oil, supplies approximately 100–130 metric tons annually, depending on climatic conditions. Despite some seasonal climate variations, production levels remained steady, ensuring a stable supply to meet market demand.
 

Lavender Oil Price Chart

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The harvesting process, which is labor-intensive, typically began in the first half of July. Although lavender has limited growth requirements, it thrived in well-drained, moderately fertile soil, particularly in the Mediterranean region and parts of Bulgaria. This contributed to the stable availability of feedstock during this period. However, the market faced a scarcity of premium lavender oil, particularly the high-grade Bulgarian variety known for its higher lavandulyl acetate content, which contributed to the price increase.

While lavender oil prices remained relatively stable compared to more volatile essential oils, the combination of limited high-quality supply and rising global demand resulted in a gradual upward price trend during this period.

Analyst Insight

According to Procurement Resource, the lavender oil price curve is likely to show similar price movements in the upcoming months. However, the weather-related challenges may affect the availability of the feedstock, increasing the production costs.

Procurement Resource provides latest prices of Lavender 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.