Throughout the initial half of 2023, Orange Oil prices followed an upward trajectory, driven not only by projected factors but also due to elevated production costs. Adverse weather conditions and a severe bacterial infection significantly diminished farming yields and inflicted irreparable damage upon orange trees due to an incurable citrus greening disease caused by insects. Unforeseen natural disasters such as typhoons and hurricanes further disrupted orange production, leading to a substantial loss of trees. Consequently, the limited availability of feedstock propelled Orange Oil prices upward during the entire period under consideration.
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Definition
Orange oil is a fragrant essential oil derived from the peel of oranges through a process of cold-pressing or steam distillation. It possesses a refreshing and sweet citrus aroma and is used in various industries, including aromatherapy, perfumery, cleaning products, and flavoring for food and beverages.
Key Details About the Orange Oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Orange Oil in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Orange Oil Price Forecast, including India Orange Oil price, USA Orange Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Orange Oil Price Trend:
Orange oil finds key industrial applications in diverse fields. Its aromatic properties make it a staple in the fragrance and perfumery industry. It’s also utilized in the production of cleaning agents and household products due to its natural solvent and deodorizing qualities. Additionally, the food and beverage industry employ orange oil as a flavoring agent for its pleasant citrus notes.
Key Players:
- Sydney Essential Oil Co
- Aksu Vital Natural Products and Cosmetics
- Ultra International B.V
- Farotti Srl
- Young Living Essential Oils
- Lionel Hitchen Ltd
News & Recent Development:
US orange juice prices are expected to rise due to citrus greening disease, extreme weather, and global heating. Florida’s significant crop losses, worsened by hurricanes and disease, led to a sharp decline in orange production. With reduced supply and growing demand, orange juice prices surged, illustrating climate change’s wider impact on agriculture and prices.
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