Orange Oil Price Trend

For the Fourth Quarter of 2021

Asia

Domestic consumption was enhanced over the Chinese New Year. The average weekly wholesale price of navel oranges increased across the country as a result of this. Domestic consumption dropped after the Spring Festival. The price in China's production areas was the first to be disappointed as a result of competitive products. Wuming Wo Citrus output increased dramatically again. Due to the market climate in 2022, the navel orange market is largely stable, and the price remains consistent at a low level. Due to adverse weather, the quality of sweet oranges has deteriorated, and market sales have decreased.

Europe

In Italy, the crop production fell by almost 40% by the end of 2021 which in turn impacted the quantity of the fruit processed, which is usually 40% of the whole output. As a result, this impacted orange oil prices. 

North America

The orange production in the US, as reported in mid-December, was split almost equally between California and Florida with production levels of 43.5 million boxes and 46 million boxes respectively. The production in Florida had been severely impacted by the fruit drop in the region. The market price of per kg of orange in December was 16 USD.

For First, Second and Third Quarters of 2021

Europe

In 2021, sweet orange production declined by double digits in Portugal, Greece, Italy, and other key producing countries, despite a minor gain in Spanish sweet orange production. However, their price in the EU was generally low during the season, with the exception of high-quality Italian sweet oranges with large production losses. The influence of insufficient internal consumer demand and low-cost sweet oranges in third countries was primarily responsible for the price decline in the EU market. In Spain, orange oil shortages had been reported which contributed to a rise in orange oil prices in the region.

Latin America

In the third quarter of 2021, the product’s prices witnessed an unprecedented rise in Brazil due to an increased demand in the market amid a shortage in supply as the country faced difficulties in harvest and environmental challenges. Brazil was the largest producer of the fruit with an output greater than Europe and China put together. The crop yield in the first and second blooms in Brazil had however been poor in 2021 as result of rare snowfall and long-term droughts in the region. The freezing temperatures in February were also a reason for citrus crops being hampered. Global shortages for orange oil amidst high demand led to a jump in orange prices. Orange availability had also been affected in Peru which contributed to the price rise.

For the Year 2020

Europe

Summer temperatures scorched the orange groves, which were then battered by severe rains in the fall of 2019. As a result, Spain's crop dropped 15.2% to 3.3 MMT. Spain, like many other citrus-producing countries, has seen a significant increase in domestic fruit consumption. Price inflation has resulted from the rapid demand and resulting supply deficit. Spanish exports have risen as well. Demand fueled by rising consumer spending has resulted in stronger shipments to Canada and the EU, with March 2020 data setting a new high. Spain saw a 7% increase in the first quarter of 2020. The market price of the fruit in Spain was recorded at 7 EUR/kg.

North America

The orange crop in Florida suffered due to the pandemic as labour shortages were reported amidst lockdowns. The orange oil produced was not up to the standards even though it met the specifications. Even in California, the orange production had dropped by single digit percentages. The production of the fruit in the US was around 120 million boxes, down by 6 million boxes from the previous year. The demand for orange oil in Florida was however high and local production did not satisfy it leading to imports from Brazil which too was facing shortages due to lower crop output, driving up orange oil prices in the region.

Latin America

The prices witnessed an upward trend in 2020. The main orange oil market is mainly dictated by the Brazilian production. As the fruit’s production dipped in Brazil in 2020 following the pandemic and due to unfavourable weather conditions like warm temperatures and low rainfall, orange oil prices went up amid low supplies. The production of the fruit in Brazil had fallen by 20% as compared to last year to 370 million boxes while the volume of orange fit for processing was even lower. A reduced turnout of crops was also reported in other regions like Mexico as compared to last year. In eastern Mexico, the its production was considerably less as compared to previous year due to severe drought issues in the region during the winters. In July 2020, orange oil prices were around 5000-6000 USD/MT which were up by almost 2000-3000 USD/MT from last year’s prices around the same time. The demand had gone up in 2020 as the demand for household cleaners went up during the pandemic. Orange terpenes and d-limonene are major by-products of orange oil, both used in household cleaners.

Procurement Resource Database

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Procurement Resource provides latest prices of Orange 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.

Chart Description:

Procurement Resource provides Orange Oil prices for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Orange Oil: 

Orange Oil is known to be an essential oil that is prepared by cells within the rind of an orange fruit, that is, the Citrus sinensis fruit. It is a rich source of vitamin C and has many therapeutic benefits. In contrast to the most essential oils, it is derived as a by-product of orange juice production, which is carried out using the process of centrifugation, further producing a cold-pressed oil.  D-limonene can be derived from the oil through distillation.

Industrial Uses: 

  • Medical and health care industry
  • Cosmetic industry
  • Essential oils
  • Flavour and fragrance industry
  • Agriculture
  • Food industry

Production Processes:

  • Production of Orange Oil via Cold Pressing; and via Centrifugation.

 In this process, first juice is extracted from the orange and then, the peels of the fruit are cold pressed to finally obtain Orange Oil. The fruit has fleshy peel, further containing cells which are responsible for generating essential oils.

Supplier Database: 

  • Sydney Essential Oil Co.
  • Aksu Vital Natural Products and Cosmetics
  • Ultra International B.V.
  • Farotti Srl
  • Young Living Essential Oils
  • Lionel Hitchen Ltd.

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.

Methodology: 

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).

Procurement Resource also provides the detailed production cost analysis of Orange Oil See more

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