menthol Pricing Assessment

Markets Covered:

India

China

Menthol Price Trend, Analysis and Forecast

In Q1 2024, menthol prices remained stable, particularly in major manufacturing regions like India, due to a balanced supply and demand. Adequate production levels and efficient inventory management helped key producers meet downstream needs without price fluctuations. This stability in India influenced importing nations like China, ensuring predictability for both manufacturers and buyers.

In the second quarter of 2024, menthol prices in India decreased by -0.5%, due to increased demand from key end-use industries like pharmaceuticals, cosmetics, and food and beverages. This slight drop was due to efficient inventory management and increased production capacity. Manufacturers were able to maintain steady market conditions, resulting in a small but notable reduction in prices during the period. The same price trend of menthol is observed in China.

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is your trusted resource for tracking global menthol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the menthol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence menthol prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely menthol market data.

Track 's menthol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in menthol prices

COVID-19 Pandemic (2020-2021):

During Covid period price of Menthol decreased sharply in the first half and remained stable for the next half of 2020. Feedstock Mentha prices fell significantly which eased the cost support for Menthol.

Recovery Phase Post-COVID (2021):

As economies started recovering from the pandemic, demand for personal care products surged, including menthol-based products.

Supply-Demand Mismatch: Supply shortages continued, as agricultural production took time to stabilize, leading to temporary price hikes in menthol.

High Input Costs: Rising costs of Mentha oil, driven by limited supply and higher production costs, kept menthol prices elevated.

Inflationary Pressures (2022):

The global inflationary environment, driven by higher energy and transportation costs, had an impact on menthol prices.

Increase in Production Capacity: Major producers in India and China expanded their production capacities to meet growing demand from pharmaceutical, cosmetic, and food industries, which helped ease some supply pressures by the end of the year.

Consumer Shift to Natural Products: The ongoing trend toward natural and organic products boosted demand for natural menthol over synthetic variants, putting additional pressure on supply.

Global Energy Crisis (2023):

The ongoing energy crisis led to higher costs of production, impacting menthol manufacturers, particularly in regions dependent on energy imports.

Rising Sustainability Concerns: Increasing focus on sustainable sourcing and manufacturing practices also pushed some companies to innovate or adopt greener methods, which affected short-term production and supply chains.

Stabilization in Raw Material Prices: By mid-2023, Mentha oil prices stabilized due to better crop yields in India, helping to bring some stability to menthol prices.

Overall, the menthol market experienced significant volatility due to macroeconomic factors like the pandemic, inflation, and supply chain disruptions. However, the market has shown resilience due to consistent demand in key end-use sectors, particularly pharmaceuticals and personal care products

Methodology and Specifications

menthol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Menthol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Menthol supply chain, from raw material availability (e.g., Mentha oil) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes and production of benzene. which can significantly impact Menthol prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Menthol production facilities, particularly in vulnerable regions like the India East Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Personal care & Cosmetics, Industrial cleaners, Detergents and cleaning products and household cleaners), to predict shifts in Menthol.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Menthol production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Menthol production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Menthol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Menthol prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are availability to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Menthol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

156.26 g/mol

CAS No

2216-51-5

HS Code

29061100

Molecular Formula

C₁₃H₁₈O

menthol

Menthol is a naturally occurring compound derived from peppermint oil or synthesized from menthone. It has a cooling sensation and is widely used in pharmaceuticals, cosmetics, and food products for its soothing properties. In the pharmaceutical industry, menthol is commonly used in topical analgesics, cough medicines, and oral care products due to its mild anesthetic and anti-inflammatory effects. Major producers of menthol include companies like Symrise, Lanxess, and Mentha & Allied Products. The production process involves extracting menthol from peppermint oil or synthesizing it through catalytic hydrogenation of menthone. The refined menthol is then used in various applications, ranging from mentholated cigarettes to cosmetic formulations, providing a refreshing and cooling effect.

Packaging Type

Bag

Grades Covered

Menthol

Incoterms Used

Ex-Barabanki (India), CIF Shanghai (China)

Synonym

Menthol

Quotation Terms:

25-28 MT, 15-20MT(India)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Characteristics	Specification	Test Method
Description	Colourless, clear liquid, Odour Characteristic and pleasant of minty.	Visual
Appearance of Solution	Clear and Colourless	Visual
Acidity & Alkalinity	Neutral	Visual
Optical Rotation at 25˚C	-45˚ to -49˚	Digital polarimeter
L – Menthol	Min 96.0%	Gas Chromatography
Total Menthol Content (TMC)	Min 97.0%	Gas Chromatography

Applications

Menthol used in Pharmaceuticals, Food and Beverages and Cosmetics and Personal Care, Tobacco Products, Household Products, and Veterinary Medicine.

Disclaimer

Menthol price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for menthol. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence the price of menthol in the global market? +

Menthol prices are shaped by several factors, with supply and demand being key drivers, particularly for natural menthol derived from mint plants like peppermint. Crop yield fluctuations, especially in India, a leading producer, can significantly affect supply and pricing. Synthetic menthol, produced from petrochemical feedstocks, is also influenced by the cost and availability of raw materials such as ethylene, which is impacted by crude oil prices. Additionally, seasonal demand spikes in industries like oral care, cooling agents, and pharmaceuticals further contribute to price volatility, making continuous market monitoring crucial for procurement decisions.

How do natural and synthetic menthol prices differ in procurement decisions? +

Natural menthol, derived from mint crops, typically carries a price premium due to its organic nature and dependency on agricultural cycles. On the other hand, synthetic menthol, made from petrochemicals like ethylene, may have more stable pricing but is sensitive to fluctuations in raw material costs (such as crude oil prices). Procurement heads often compare the two types to balance cost efficiency and product requirements, especially when there are fluctuations in supply or demand for either natural or synthetic variants.

How can bulk purchasing impact the pricing of Menthol for procurement heads? +

Buying Menthol in bulk provides several key benefits for procurement heads. Suppliers often offer discounts on larger orders, which helps reduce the cost per unit. With larger purchases, buyers also have more room to negotiate better deals and pricing. Bulk buying allows companies to set up fixed pricing agreements, which can guard against future price changes in the market. Additionally, fewer shipments mean lower transportation and handling costs, which further reduces overall expenses.