Garlic Oleoresin Price Trend and Forecast

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 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.

Garlic Oleoresin Price Chart

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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.