Caraway Oil Price Trend and Forecast

Regional Price Overview

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

Caraway Oil Price Trend for the Second Half of 2023

Caraway oil belongs to the category of essential oils and is thus known for its distinct aroma and flavor. Due to its defined properties, it is a popular ingredient in the food and beverage industry, particularly in the production of liqueurs, baked goods, and savory dishes. In the pharmaceutical sector, it is used as an important additive in the production of digestive aids and herbal remedies. Additionally, the antimicrobial and antioxidant properties of the oil make it useful in the cosmetic and personal care sectors.

Caraway Oil Price Chart

Caraway Oil Price Trends

Please Login or Subscribe to Access the Caraway Oil Price Chart Data

During the third quarter, a peak decline was observed in the prices of caraway seeds and caraway oil, with a significant fall in the export volumes of Asian countries. But since then, the market projected strong momentum and recovered on the back of high procurement from overseas industries. Among the Asian countries, cumin holds the position of second largest exported spice after chili in India. The price surge during the third and fourth quarters was based on untimely rainfalls and crop production shortages, mainly in Gujarat and Rajasthan.

Analyst Insight

According to Procurement Resource, the price trend of Caraway Oil is expected to reap the benefits of delayed sowing activities in agriculture-dependent nations due to the adverse effects of climate change and unpredictable rainfall patterns.

Caraway Oil Price Trend for the First Half of 2023

Caraway Oil is directly milled from Caraway seeds, so the Caraway Oil price trend very closely mimic that of its feedstock Caraway seeds prices. Caraway Oil is primarily used in ayurvedic pharmaceuticals, flavor, fragrance, etc. industries. So, the downstream demands from these industries and market supplies drove the price trend primarily.

Caraway Oil prices followed an upward trajectory throughout the first half of 2023. Caraway seeds experienced constricted supplies after a long time; the primary reason behind this supply curtailment was significantly lower yields from the Caraway-producing regions. The biggest factor behind this decline in yields was climate change. Disrupted and uneven rainfall throughout the country affected the crop yield in a detrimental manner. So, with lesser supplies and moderate demands, the prices of Caraway Oil shot up.

Analyst Insight

According to Procurement Resource, the price trend for Caraway Oil are expected to continue behaving in a similar manner since the current weather patterns will affect the agricultural yields adversely.

Procurement Resource provides latest prices of Caraway 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.

Sample Dashboard

Please Login or Subscribe to explore our dashboard.


Caraway Oil is extracted from the seeds of the plant of caraway, which is famous as a biannual herb and is known for being a rich source of fresh aroma. The fruit of caraway plant has a pungent, anise-like flavour and aroma. Caraway Oil is generally utilised for treating digestive problems and kill bacteria in the body, among other uses.

Product Details

Report Features Details
Product Name Caraway Oil
Industrial Uses Medicines and pharmaceuticals, Appetiser, Fragrance and flavouring agent, Cosmetics, Personal care products, Food products, Vinegars and animal fodder
Synonyms Carum Carvi Oil
Supplier Database Nordic Caraway Oy , Fleurchem, Inc. , Berjé Inc , Robertet Group, Mubychem Group, AG Industries
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Caraway Oil via Steam Distillation

The Caraway Oil is obtained from oil-rich caraway seeds. In this process, Caraway Oil is gently distilled at ambient pressure without using any additives but steam, thus, producing the desired result.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients


Get in Touch With Us


Phone:+1 307 363 1045


Phone: +91 1203185500


Phone: +44 7537 132103



Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.