Garlic Oleoresin Price Trend and Forecast

Garlic Oleoresin Regional Price Overview

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

Garlic Oleoresin Price Trend for the First Half of 2025

In the first half of 2025, garlic oleoresin prices experienced a gradual decline, mainly influenced by the weakening prices of fresh garlic and garlic powder globally. As raw garlic became cheaper in key producing countries like India, China, and Egypt, the overall cost of production for garlic-derived products, including oleoresin, dropped. Since garlic oleoresin is extracted from dehydrated garlic products, the lower input costs from garlic powder directly impacted its pricing.
 

Garlic Oleoresin Price Chart

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In India, a large surplus of fresh garlic led to aggressive processing activity. With garlic being abundantly available, processors had easier access to raw material, which supported higher production of oleoresin and created a supply-heavy market. This put additional downward pressure on prices. In Egypt, the initial tightness in garlic supply eased by late Q1, giving processors more confidence to scale up operations. The resulting increase in processed output further weighed on oleoresin prices.

China, being a major supplier of garlic-based ingredients, maintained a stable production pace. Although there were some concerns over weather, expectations for a strong harvest in June kept buyers cautious. This anticipation limited aggressive purchasing, further reducing market momentum and keeping oleoresin prices soft. Overall, the high availability of raw garlic and processed forms like garlic powder contributed to a bearish trend for garlic oleoresin during H1’25.

Analyst Insight

According to Procurement Resource, Garlic Oleoresin prices may stay low in the coming months due to strong global supply, but demand for higher-grade extracts could help stabilize prices in niche or premium markets.
 

Garlic Oleoresin Price Trend for the Year 2024

In 2024, the price of garlic oleoresin experienced notable fluctuations, closely following the trends observed in the raw garlic and garlic powder markets. The year began with relatively steady prices as garlic production appeared sufficient, backed by supplies from major producing states like Madhya Pradesh and Rajasthan. However, weather disruptions quickly altered this balance. A harsh summer impacted crop quality and volumes, while untimely rains in several growing regions led to increased spoilage and reduced availability of garlic for oleoresin extraction.

Mid-year, prices saw a sharp rise due to a combination of low fresh garlic supply and strong export demand. High-quality garlic, essential for oleoresin manufacturing, became harder to source, and processors faced increased input costs. Stockpiling by large traders further tightened market conditions. As demand for processed garlic forms like powder and oleoresin surged—especially amid reduced imports from China and erratic deliveries from other global suppliers—prices remained on an upward trajectory.

By the last quarter, continued disruptions in harvest timing and transport logistics prolonged the tight supply situation. Even though some relief came through limited imports and better distribution, the overall market remained under pressure. The demand for oleoresin held firm due to its use in food processing and flavouring, which prevented a significant fall in prices despite small improvements in supply.

Analyst Insight

According to Procurement Resource, Garlic Oleoresin prices are expected to stay relatively high in the near term, as demand remains strong and supply recovery is gradual.
 

Garlic Oleoresin Price Trend for the Year 2023

In 2023, the price trend of garlic oleoresin saw a steady upward movement, largely driven by global garlic supply disruptions. The year began with relatively stable rates, but by mid-year, prices started rising due to poor weather conditions in major garlic-producing regions like India and Bangladesh. Unseasonal rainfall and cyclones damaged garlic crops, leading to reduced harvests and lower availability in local markets.

As fresh garlic prices surged due to this shortage, the cost of garlic-based extracts such as oleoresin also climbed. In India, the retail and wholesale prices of garlic nearly doubled in a matter of weeks by the end of the year. This impacted the production cost of garlic oleoresin, a concentrated form used in food, pharmaceuticals, and cosmetics. Meanwhile, Bangladesh experienced a similar trend with rising import costs and a notable 20% drop in local garlic production, further tightening regional supply.

On the global front, Egypt, a major exporter of garlic to the EU, reached record export volumes. However, logistical issues, re-exporting practices, and market saturation limited further supply expansion, keeping garlic and its derivatives in high demand. These combined factors created an inflationary environment for garlic oleoresin, with prices remaining high throughout the year.

The sustained shortage and strong market demand from industries relying on garlic extracts contributed to firm prices. Manufacturers faced challenges in procurement and cost management as a result.

Analyst Insight

According to Procurement Resource, Garlic Oleoresin prices may stabilize by mid-2024, depending on improved crop yields and more consistent global supply.
 

Garlic Oleoresin Price Trend for the Second Half of 2022

The prices of garlic oleoresin were highly dependent on the trend followed in the garlic market. In the Asian region, the prices plunged due to the high production which failed to maintain its equilibrium with the stable demand of the commodity in both, the third and fourth quarters of 2022.  The farmer’s community struggled to cover their input costs and in return, they took the road to protest the dropping prices. In addition to this, the implication of the zero covid policy by China and high production rates in the region further declined the prices of garlic oleoresin.

Furthermore, the prices of garlic oleoresin also suffered due to the sanctions imposed on trade with Russia and its allies. The region supplies a significant amount of garlic and its derived crops to Russia, thus, due to the ongoing war, the prices followed a downward trajectory. Additionally, the war and ripple effects of the pandemic resulted in weak economic conditions globally and thus adversely affected the price trend for garlic oleoresin.

Analyst Insight

According to Procurement Resource, the price trend of garlic oleoresin are likely to incline in the upcoming quarter. Although the export market has fluctuated throughout this year, judging from the current dynamics it is expected that the overall export price will continue to rise and will not fall back to the previous low values.

Procurement Resource provides latest prices of Garlic Oleoresin. 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.