Menthol Price Trend and Forecast

Menthol Regional Price Overview

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

Menthol Price Trend for Second Half of 2023

Menthol is widely used in the pharmaceutical and healthcare industries, particularly in products like cough drops, throat lozenges, and topical analgesics, which fuels demand. Its cooling and soothing properties make it a popular ingredient for treating various symptoms. Secondly, menthol's expanding usage in the cosmetics and personal care sectors, including toothpaste, mouthwash, and skincare products, further boosts its market demand.
 

Menthol Price Chart

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During the third quarter, the trajectory of menthol prices inclined with the support from the inclination in the cost of its derivatives. In India, mentha oil rose by an almost double-digit percentage, which was thus well reflected in the dynamics of menthol prices. However, as the months progressed, the market output declined even after a substantial rise in the fragrance and flavor sector.

The winter demand for menthol was adversely affected by inconsistent exports and imports and the depreciation of the Asian currency. Also, the overseas orders of its derivatives were reduced by a significant margin, further impacting the menthol price trend.

Analyst Insight

According to Procurement Resource, the price of Menthol is expected to showcase an oscillating trend as in view of inconsistent demand and lower trading activities might affect the prices of menthol negatively.
 

Menthol Price Trend for the First Half of 2023

Menthol is a naturally occurring compound derived from the members of the mint family, such as peppermint and corn mint. It has soothing and refreshing properties and thus is widely employed in the pharmaceutical and cosmetic industries. It is a central component of throat lozenges, analgesics, and many skin care items. It is industrially produced from mentha oil, and thus, its price trend is also directed by it.

The first two quarters of 2023 did not prove to be fruitful for the price trend of menthol. The market prices of mentha oil declined consistently, hampering the growth of menthol prices, too. The major cause of this fall was the reduction in the procurement rates from the pharmaceutical and FMCG sectors. The fall was also accelerated by the steep decline of the global economy that made overall trading of menthol and its related products difficult.

Analyst Insight

According to Procurement Resource, the price of Menthol is expected to struggle and fall short amid the declining rates of consumption from the downstream sectors and persistent challenging conditions caused by the fall of the global economy.

Procurement Resource provides latest prices of Menthol. 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.