Almond Oil Price Trend and Forecast

Almond Oil Regional Price Overview

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

Almond Oil Price Trend for Q1 of 2025

During the first quarter of 2025, almond oil prices resembled the oscillating price patterns in international almond markets. The almond sector was being driven by a combination of multiple factors like, oversupply pressures, redirection of trade, and inventory shelf life, etc., all of which pressured prices in both raw almonds and processed oil.
 

Almond Oil Price Chart

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Early in the quarter, India saw a surge of American almond imports primarily because the US- China trade tensions diverted the shipments. This put bearish pressure on almond kernel prices as importers rushed to clear old inventory. Well-timed strategic stock-holding by large traders and a spike in container arrivals also further fueled this price correction phase, causing short-term weakness in the upstream almond segment.

Consequently, almond oil manufacturers were subject to mixed cost signals. The short-term relaxation of almond kernel prices in early Q1 provided some respite in raw material sourcing. Overall, a range –bound market outlook was observed for almond oil during the first quarter of 2025.

Analyst Insight

According to Procurement Resource, in the near term, shifts in international shipping patterns or tightening supplies from the major origins might be factors influencing almond oil prices. Downstream demand might also influence direction of prices if sourcing becomes tighter.
 

Almond Oil Price Trend for the Year 2024

In 2024, the price trend of almond oil was significantly influenced by fluctuations in raw almond prices, which demonstrated varied behavior throughout the year. In the first half, almond prices remained largely range-bound due to inconsistent export performance and subdued global demand.

Although yields declined in major producing countries like Spain and growers faced financial strain from persistently low prices, market conditions overall reflected a subdued price environment. Despite the softness in raw almond prices, the cost of almond oil production remained relatively stable during the early months of 2024.

In the second half of the year, the arrival of the new almond crop led to a short-term decline in raw almond prices amid increasing supply. However, this downward trend was brief, as demand particularly from India during its wedding and festival seasons picked up, putting upward pressure on prices.

A rise in domestic consumption, coupled with reduced imports, further constrained supply and fostered a more optimistic pricing environment for almonds and, in turn, for almond oil. Downstream sectors such as food, cosmetics, and wellness continued to accommodate the price shifts, driven by sustained consumer interest in plant-based and nutrient-rich products.

Analyst Insight

According to Procurement Resource, going forward, changes in raw almond supply or demand from the end user industries might affect almond oil prices. Fluctuations in trade volumes and domestic consumption patterns might also echo across the almond oil markets.
 

Almond Oil Price Trend for the Second Half of 2023

Throughout the latter half of 2023, the almond oil market closely mirrored price patterns in the raw almond sector, particularly in the United States. In the third quarter, almond prices declined notably due to substantial carryover inventories from earlier harvests, which exerted consistent downward pressure as the new crop season approached.

Suppliers, eager to clear older stock before the fresh harvest, further contributed to prolonged weakness in pricing. This downward trend extended to the almond oil market, where lower input costs were observed. However, producers remained hesitant to reduce output volumes, given ongoing market uncertainty. As a result, almond oil prices followed a subdued trajectory during the early part of the period.

In contrast, the final quarter saw a shift in dynamics. Changes in shipping volumes and logistical challenges, driven by geopolitical tensions in key maritime routes, contributed to a rise in raw almond prices. This tightening in supply began to influence almond oil prices progressively, especially as buyers looked to replenish inventories ahead of year-end demand.

During this phase, almond oil prices gradually increased. Although the period began with weak fundamentals, improving shipping activity and rising raw material costs supported a more active trading environment by the close of the year.

Analyst Insight

According to Procurement Resource, in the near future, changes in the conditions of almond harvesting or global demand patterns will likely affect the price of almond oil.
 

Almond Oil Price Trend for the First Half of 2023

Almond Oil is directly sourced from almonds through cold press extraction or oil milling processes. So, any fluctuations in almond markets are also mirrored in the Almond Oil markets.

During the first half of the year 2023, the Almond Oil prices were observed to be inclining for the majority of the period. The unseasonal weather changes in America, leading to drought and constricted water supplies, were the biggest detrimental factor for almond yields.

Initially, the demands from downstream cooking, health care, personal care, and pharma sectors were regular; however, with increasing inflation and Almond Oil prices, the demands also took a hit. However, the prices majorly wavered at the higher end of the price spectrum for most of the discussed period because of the limited supplies. Overall, positive market sentiments were observed for Almond Oil during the said period.

Analyst Insight

According to Procurement Resource, the Almond Oil price trend are likely to continue rising because of the supply crunch in the consumer market.

Procurement Resource provides latest prices of Almond 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.