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MARKET REPORT JUNE 2024

The June 2024 Market Report provides a comprehensive overview of the current market conditions for a range of essential and carrier oils, offering valuable insights into market dynamics. This month, we are looking into Eucalyptus Essential Oil (Blue Mallee), which enjoys favorable growing conditions and maintains a stable yield and consistent market demand. Eucalyptus Essential Oil (Radiata) faces challenges like Phytophthora and drought but maintains steady yield as new crops enter the rotation. Chamomile German Essential Oil from Hungary is enduring a hot summer yet continues to deliver high quality and consistent yield. Meanwhile, Chamomile German Essential Oil from Nepal is experiencing a significant decline in yield due to climate issues, resulting in tight market conditions. As the sole carrier oil featured this month, Green Tea Seed Carrier Oil - RBDW is benefiting from favorable growing conditions with a stable yield and steady demand.

Continue reading to stay up to date on the latest industry trends from the experts at New Directions Aromatics.



Eucalyptus Essential Oil (Blue Mallee)

Eucalyptus Blue Mallee Essential Oil is steam distilled from the woods and leaves of the Eucalyptus polybactea tree grown in Australia. The harvest season occurs annually during spring and summer, with the crop thriving in light shale to quartz-based sandy clay loams. The ideal weather condition includes plenty of rain.

This year, the growing conditions have been favorable, resulting in average growth and quality with no significant issues affecting cultivation. The projected harvest yield for Eucalyptus polybactea is expected to be consistent with last year, maintaining consistency in production. The market demand for Eucalyptus Blue Mallee Oil remains strong, and with the substantial expansion of our plantations, we are well-positioned to meet the increasing demand. The market conditions are also stable, with no anticipated shortages will occur in the next quarter.

Eucalyptus Essential Oil (Radiata)

Eucalyptus Essential Oil (Radiata) is steam distilled from the leaves and twigs of the Eucalyptus radiata tree grown in South Africa. This variety can be harvested year-round, typically involving a single annual harvest depending on the grower. The soil and weather conditions for Eucalyptus radiata includes well-drained soil and good rainfall with a cooler climate which promote its growth.

This year, the crop is fair despite facing challenges such as Phytophthora, drought, and heavy rains. Nevertheless, the yield is expected to remain consistent, with new crops being harvested for the first time. The demand for Eucalyptus Radiata Oil remains steady, and with the newly planted crops entering rotation, supply is expected to be stable. The market conditions are also stable, with no anticipated shortages.


Chamomile German Essential Oil (Hungary)

Chamomile German Essential Oil is steam distilled from the flowers of the Matricaria chamomilla L plant grown in Hungary. The harvest season for this variety of Chamomile occurs annually from the end of May to June, with a single harvest each year. Matricaria chamomilla L flower thrives in various soil types, provided there is an abundance of sunlight.

This year, the extremely hot summer resulted in a reduced number of Chamomile plants being harvested. However, the quality of the crop remains as good as in previous years. The projected harvest yield is consistent with last year. The market demand and conditions for Chamomile German Oil from Hungary remain robust, driven by its reliable quality, with no anticipated shortages.

Chamomile German Essential Oil (Nepal)

This variety of Chamomile German Essential Oil is steam distilled from the flowers of the Matricaria chamomilla L plant grown in Nepal and is harvested in March. The crop thrives in any soil type and prefers the temperate climate of the Terai Plains.

This year's harvest has been poor due to unfavorable climate conditions, leading to a significant decline in production. Additionally, farmers are switching to other crops due to price concerns, resulting in a 40% decrease in yield compared to last year. Despite the high demand for Chamomile German Essential Oil, there is a shortage of good quality crop due to the lower yield. Consequently, market conditions are tight, with limited availability of high-quality oil.


Green Tea Seed Carrier Oil is cold-pressed form the seeds of the Camellia sinensis, an evergreen shrub grown in China. This carrier oil is also refined, bleached, deodorized, and winterized for cosmetic manufacturing. The Camellia sinensis seeds are harvested annually between October and November. The crop thrives in well-drained sandy loam with a pH value around 4.5-6.5. The ideal weather conditions include an annual rainfall over 1500 millimeters and mean annual temperature between 18-25 degrees Celsius.

This year, growing conditions appear favorable, though prolonged hot weather or extended rainy periods could pose challenges. The projected harvest yield is expected to be consistent with last year. Market demand for Green Tea Seed Oil remains steady, driven by its versatile applications in skincare and cosmetics. Market conditions are also stable, with no anticipated shortages in the upcoming quarter.



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