L Carvone Price Trend and Forecast

L Carvone Regional Price Overview

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

L-Carvone Price Trend for the First Half of 2025

In the first half of 2025, L-Carvone prices remained under upward pressure due to ongoing challenges in the citrus supply chain. Citrus peels, the natural source of D-limonene used to produce L-Carvone, were in tighter supply as orange production continued to face difficulties globally. Countries like Spain and Brazil, important citrus producers, experienced lower yields because of weather issues, diseases, and rising production costs. This reduced the availability of orange oil and D-limonene, pushing L-Carvone production costs higher.
 

L Carvone Price Chart

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In Spain, despite orange juice prices reaching historic highs, farmers struggled to receive fair prices for their fruit due to industry practices, which added uncertainty to supply. Similarly, in Brazil, the world’s largest orange producer, drought and disease limited fresh orange output, resulting in record-high prices for oranges and a shortage of juice stocks. These factors directly influenced the supply of citrus peel oil, which is essential for synthesizing L-Carvone.

Additionally, growing global demand for citrus products kept pressure on the market, as companies sought to secure raw materials for flavourings and fragrances. Inflation and higher costs for processing and transportation also contributed to the rising price trend for L-Carvone. With limited stocks of citrus peel oil and strong demand, L-Carvone prices in H1’25 reflected a tight market environment.

Analyst Insight

According to Procurement Resource, if citrus production recovers and supply chains stabilize later in 2025, L-Carvone prices may ease. However, supply risks and demand growth could keep prices relatively firm throughout the year.
 

L-Carvone Price Trend for the Year 2024

In 2024, the price of L-Carvone saw an upward trend due to tightening supply of its key raw material, D-limonene, which is primarily extracted from orange oil derived from citrus peels.

The U.S. citrus industry faced continued production declines, especially in oranges and grapefruit, reducing the availability of citrus peels needed for D-limonene extraction. This decrease in raw material supply created pressure on L-Carvone production, pushing prices higher.

Additionally, natural disruptions such as Hurricane Milton damaged significant portions of Florida’s citrus groves, further limiting orange yields and consequently reducing orange oil output. Since L-Carvone is mostly synthesized by chemically converting D-limonene distilled from this oil, the scarcity of citrus peels directly impacted the supply chain and increased costs.

Meanwhile, demand for L-Carvone remained stable or increased due to its use in flavourings, fragrances, and other commercial applications. Rising global citrus prices and inflation also contributed to higher processing costs, which were reflected in the final L-Carvone price.

Furthermore, challenges like citrus greening disease continued to hamper production, keeping the supply tight. Overall, the interplay between reduced citrus peel availability and steady demand created an environment of rising L-Carvone prices throughout 2024.

Analyst Insight

According to Procurement Resource, as citrus production stabilizes with the adoption of more resilient varieties and industry recovery efforts progress, L-Carvone prices may level off but remain sensitive to environmental risks affecting citrus peel supply.
 

L Carvone Price Trend for the Second Half of 2023

The L Carvone price trend was observed to be oscillating during the last two quarters of 2023. The market started firmly at the beginning of the third quarter in July’23. The price graph was vacillating but was largely inclined throughout the third quarter, with the biggest shift during August.

Anticipating higher returns, the suppliers increased supplies for L Carvone, and that flooded the market inventories, owing to which the price curve was pushed down as the fourth quarter began. The demands also failed to keep the momentum and declined slowly throughout the last quarter. Conclusively a varying market trajectory was showcased throughout the discussed span.

Analyst Insight

According to Procurement Resource, given the current inventory situation the L Carvone price trends are likely to remain tottering for some time going forward. However, some improvement in demand is anticipated.
 

L Carvone Price Trend for the First Half of 2023

L Carvone is the component present heavily in the spearmint essential oil and causes a soothing effect. It is used primarily in spice, flavor, fragrance, cosmetics, personal care, etc. industries. During the said period of the first half of the year 2023, the L Carvone prices varied across different regions as per the harvest yields and demands of the mint plant.

In the Asian region, countries like India witnessed some stagnancy in prices; however, prices accelerated in the American market because of supply constraints. Demands were steady, so the availability of feedstock materials caused the market turbulences.

Analyst Insight

According to Procurement Resource, L Carvone price trends are likely to rise further as climate change concerns are disrupting crop cycles worldwide.

Procurement Resource provides latest prices of L Carvone. 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.