Tea Tree Oil Price Trend and Forecast

Tea Tree Oil Regional Price Overview

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

Tea Tree Oil Price Trend for the Second Half of 2024

In the latter half of 2024, tea tree oil prices, derived from Melaleuca alternifolia leaves, continued to display a fluctuating trajectory with an upward bias. Due to its diverse applications in personal care, skincare, and cosmetics, the ingredient was utilized in producing products for acne remedies, facial scrubs, shampoos, and deodorants. Its antimicrobial properties also made it an active ingredient in cleaning products, air fresheners, and healthcare products. The demand for tea tree oil remained steady from downstream sectors as consumers shifted towards organic, plant-based goods.
 

Tea Tree Oil Price Chart

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Tea tree oil prices remained relatively stable, with a tendency to rise during the second half of 2024. This was attributed to factors such as supply chain issues, unexpected harvest results, and an expanding global market for natural ingredients like essential oils. Although prices fluctuated due to short-term market instability, the overall direction was upward as demand exceeded supply. Key production regions faced adverse weather conditions, further restricting supply and increasing production costs. The tight supply and rising demand for tea tree oil resulted in relatively higher prices on the market during this period.

Analyst Insight

According to Procurement Resource, the tea tree oil price curve is expected to witness similar movements in the near future well supported by the growing demand for the commodity.

Procurement Resource provides latest prices of Tea Tree 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.