Clove bud oil prices had a mixed but firm price movement in 2025 due to supply side constraints related to climate change and fluctuations in the prices of cloves. In the first half of the year, prices increased due to irregular rainfall patterns and weather changes in one of the largest suppliers of cloves to the world market - Indonesia.
The irregular weather changes negatively impacted the quality of cloves harvested during the period. The farmers experienced unpredictable weather during the harvesting period; heavy rains during harvesting negatively impacted the quality of cloves meant for oil extraction. In addition, many farmers abandoned their farms to seek alternative employment opportunities due to poor returns from their farms.
In the middle of the year, the market was unstable as supply was fluctuating. Climate change, including increased rainfall and temperature, impacted productivity and drying times, which impacted the quality of clove oil. Export issues, including decreased production in major producing countries, contributed to pressure on the market.
The demand for food, pharmaceutical, and fragrance use supported prices. The second half of the year saw prices stabilize, supported by improved supply, although decreased export performance and global oversupply in some countries capped price growth. The market was responsive to weather conditions and global production levels.
Analyst Insight
According to Procurement Resource, the prices of Clove Bud Oil are expected to be moderately firm, and future direction will be influenced by climate change and improvement in global clove production.
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In the second half of 2024, the prices of Clove Bud Oil exhibited notable fluctuations with an overall upward trend globally. Clove Bud Oil is directly extracted from cloves, making them its primary feedstock. Consequently, its price trajectory closely followed that of cloves. The clove harvest in Madagascar, a key producer, fell short of expectations, yielding approximately 10 KMT instead of the usual 18 KMT. This reduced crop size tightened supply, contributing to higher prices. Additionally, available stocks in Indonesia declined significantly, with only 20–30% remaining with farmers by October. The limited availability of feedstock, coupled with rising costs, compelled Clove Bud Oil manufacturers to increase prices to sustain profit margins.
Higher prices led buyers to adopt a cautious approach, limiting purchases to immediate requirements. As a result, the market focus shifted towards strategic procurement to manage costs effectively amid ongoing volatility. Overall, Clove Bud Oil prices followed an oscillating trajectory.
Clove Bud Oil is an essential oil extracted from the flower buds of clove plant, that is, Syzygium aromaticum. In general, clove oil appears as a colourless to light yellow liquid with a spicy aroma. It is often utilised in the flavouring of some medicines. One of the major components of this oil is eugenol, a chemical compound which has the ability to kill yeast, thus justifying the antimicrobial characteristics of clove oil. The oil offers several medicinal and therapeutic benefits and has skin soothing properties.
Clove Oil, Caryophyllus Aromaticus Bud Oil, Clove Volatile Oil
Antimicrobial, Pain Reliever , For Digestion, Medicines, Dental use and skin applications, Soothes Irritation, Blade maintenance and sword cleaning, Insect Repellent
Berjé Inc, Moellhausen S.p.A., Ernesto Ventós, S.A., PT Mitra Ayu Adi Pratama, BOS Natural Flavours (P.) Limited, Universal Oleoresins, NOW Health Group, Inc., Manohar Botanical Extracts Pvt. Ltd.
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