MARKET REPORT FEBRUARY 2023
The following report contains updates on the current trends in production and availability of the most in-demand Essential Oils and Carrier Oils sourced from around the globe.
Eucalyptus Radiata Essential Oil
Eucalyptus Radiata Essential Oil is steam distilled from the leaves and twigs of the Eucalyptus radiata tree grown in South Africa. Harvest season begins in January and ends in March. Eucalyptus Radiata grows best in deep, well drained loams and forestry soils, and are supported by cool summers with generous rainfall. The current growing conditions are favorable with above average rainfall. The harvest yield is projected to reach a similar crop size to that of last year. Regarding the market conditions for Eucalyptus Radiata Oil, the supply falls short of the demand, resulting in notably higher prices. The demand remains high, although it is subtly lower than that of last year.
Eucalyptus Globulus 80/85% Essential Oil
Eucalyptus Globulus Essential Oil is steam distilled from the woods and leaves of the Eucalyptus globulus tree grown in China. Harvest season takes place between October and February, and growing conditions are determined by the climatic characteristics of Yunnan, a subtropical monsoon climate. This includes no distinct wet and dry seasons, large temperature differences between morning and night, and long sunshine hours. The Eucalyptus Globulus tree thrives in acidic red soil and requires an average year-round temperature of above 15 degrees Celsius.
The current market conditions for Eucalyptus Globulus Essential Oil remain unclear. The yield dropped significantly due to the raw material price decrease in 2022. While the market demand experienced a significant decline in 2022, it is expected to recover in 2023.
Eucalyptus Blue Mallee Essential Oil
Eucalyptus Blue Mallee Essential Oil is steam distilled from the woods and leaves of the Eucalyptus polybractea tree grown in Perth, Western Australia. Harvesting takes place between May and June and occurs again between November and December. The Eucalyptus polybractea tree is planted in sandy soil and thrives best in dry and sunny weather conditions, with limited but sufficient rainfall. Currently, the growing conditions are favorable, and yields are stable at 1.5-2.5% with an expectation to increase.