Linalool Price Trend and Forecast

Linalool Regional Price Overview

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

Linalool Price Trend for the Second Half of 2023

Asia

The difficulty in extraction of linalool from natural sources makes it a labor-intensive field, and with the rise in inflationary pressure, the cost of production rose beyond the expectations of the manufacturers, increasing the prices of linalool.
 

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Due to these constraints, the domestic production of linalool and its feedstock materials thus remained only moderate throughout the H2 of 2023. This subdued production eventually caused the inventories to dry up and with the rise in demand from the fragrance and flavor industries, the prices of linalool climbed upwards by the end of the year 2023.

Europe

The limited procurement rates from downstream industries, such as fragrance industries, negatively affected the price trend of linalool. The market also remained subdued due to the rise in the availability of cheaper imports and alternatives, as a result of which the number of new orders declined gradually in the third quarter of 2023. However, the winds turned in the fourth quarter as the flavor sector presented significant improvement in its market activities, which was well reflected in the rise in the prices of linalool.

North America

The oscillations in the market sentiments of the downstream industries and the slow and gradual rise in the prices of crude oil pushed the linalool prices into a fluctuating spiral during the third quarter of 2023. In the latter half of this quarter, the downplay of several macroeconomic factors, such as interest rates and inflation hikes, exerted a negative influence on consumer confidence. However, in the fourth quarter, the market towered in a positive direction, and with the rise in the procurement of downstream industries, the price trend of linalool moved in the northward direction.

Analyst Insight

According to Procurement Resource, the price trend of Linalool is expected to thrive on account of the rising interest of the consumers of the fragrance industry.
 

Linalool Price Trend for the First Half of 2023

Asia

Linalool is a type of terpene popularly used in the fragrance industry. The prices of linalool declined in the first quarter of 2023 as the supply-demand balance witnessed some disruptions. Further,  the significant incline in the level of inventories, low interest of buyers, and weak support from the downstream industries affected the overall sentiment. The market sentiments improved somewhat in the second quarter as the fragrance and flavor industries saw an improvement in their sales figures, which, along with favorable winds from the buyers' sector, caused the prices of linalool to incline.

Europe

The first and second quarters followed the same trajectory as supply surpassed the level of demand. The low rates of consumption from the pharmaceutical sector majorly contributed to the falling trend of linalool prices. Further, the declining economic conditions of the European countries also proved to be a challenge for the growth of the linalool prices.

North America

The first quarter saw a consistent decline in linalool prices in North America as inventories exceeded demand. Sectors such as oil-based cosmetics, pharmaceuticals, and ointments were particularly impacted during this period, leading to poor performance in the linalool market. However, the second quarter brought a shift in the price trend as consumer consumption rates increased, positively affecting demand from downstream industries. Towards the end of this quarter, concerns arose due to falling crude oil prices and rising inventory levels for manufacturers.

Analyst Insight

According to Procurement Resource, the price trend of Linalool is expected to decline in the upcoming months as the demand from the end-user sector seems to be consistently declining.

Procurement Resource provides latest prices of Linalool. 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.