Throughout the first half of 2023, Clove Bud Oil prices remained relatively steady, with only minor fluctuations. This stability, while reassuring for the market, had a noticeable impact on producer morale due to reduced profitability. Despite clove’s high demand, consistent price declines resulted in lower production yields and less favorable profit margins.
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Definition
Clove Bud Oil is a natural essential oil derived from the flower buds of the clove tree (Syzygium aromaticum). It is known for its strong, spicy, and aromatic fragrance. Clove Bud Oil is widely used in aromatherapy, traditional medicine, and the fragrance industry. It possesses antimicrobial, analgesic, and antioxidant properties, making it valuable for various therapeutic and cosmetic applications.
Key Details About the Clove Bud 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 Clove Bud 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 Clove Bud Oil Price chart, including India Clove Bud Oil price, USA Clove Bud 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 Clove Bud Oil Price Trend:
Clove Bud Oil finds key industrial uses in the food and beverage industry as a flavoring agent due to its strong and distinct taste. It is also employed in the pharmaceutical sector for its analgesic properties, often incorporated into topical pain-relief products. Additionally, the cosmetic and fragrance industries utilize it for its aromatic qualities in perfumes and personal care products.
Key Players:
- Berjé Inc
- Moellhausen S.p.A.
- Ernesto Ventós, S.A.
- PT Mitra Ayu Adi Pratama
- BOS Natural Flavours (P.) Limited
- Universal Oleoresins
- NOW Health Group, Inc.
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