Synthetic Menthol Price Trend and Forecast

Synthetic Menthol Regional Price Overview

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

Synthetic Menthol Price Trend for the Second Half of 2023

Synthetic menthol has experienced strong demand in the pharmaceutical, healthcare, cosmetics, and personal care industries due to its cooling and soothing properties, driving its market demand. In the third quarter, synthetic menthol prices rose, influenced by increased costs of derivatives such as mentha oil, which saw significant price hikes in India. However, market output declined despite rising demand in the fragrance and flavor sector.
 

Synthetic Menthol Price Chart

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This decline was exacerbated by inconsistent exports and imports and the depreciation of the Asian currency, affecting winter demand. Overseas orders of synthetic menthol derivatives also dropped significantly, impacting price trends further. In the latter half of 2023, synthetic menthol prices fluctuated, initially rising sharply due to disrupted supply chain networks. However, the situation reversed in the fourth quarter as global trade disruptions, particularly from unrest in the Middle East, led to declining export queries and increased inventory accumulation. Consequently, synthetic menthol prices fluctuated downward, reflecting mixed market sentiments overall.

Analyst Insight

According to Procurement Resource, the price of Synthetic Menthol is estimated to oscillate under the rising pressure of escalating feedstock and raw material prices and the changing trading landscape due to uprising geopolitical tensions.
 

Synthetic Menthol Price Trend for the First Half of 2023
 
Synthetic Menthol is processed from pulegone or myrcene, which are majorly found in essential oils, primarily aromatic essential oils. So, the price trend for Synthetic Menthol are directly linked with the essential oil prices. Synthetic Menthol is consumed heavily by the flavors, fragrances, cosmetics, pharmaceuticals, nutraceuticals, and personal care sectors.

In the first half of the year 2023, the queries posed by these FMCG sectors were relatively lesser owed to the high existing inventory levels. A distressed global economy because of various geopolitical tribulations also influenced these dull market trend for Synthetic Menthol.
 
Analyst Insight
 
According to Procurement Resource, Synthetic Menthol price trend are less likely to show any significant market appreciation in the coming months. With a gloomy economic outlook, the prospects do not look very positive.

Procurement Resource provides latest prices of Synthetic 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.