Get the latest insights on price movement and trend analysis of Black Pepper Oleoresin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Black Pepper Oleoresin Price Trend for the First Half of 2024
In the first half of 2024, the price trend for black pepper oleoresin, an essential extract derived from black pepper used in food flavoring, pharmaceuticals, and cosmetics, was closely linked to the fluctuations in black pepper prices. As global black pepper prices surged across all origins, driven by tight availability, shipment delays, and rising demand from the US and European markets, the cost of black pepper oleoresin followed a similar upward trajectory. India's tight domestic supply and increased consumption, along with weather disruptions and high moisture content in Sri Lankan pepper, further amplified the upward pressure on prices.
Black Pepper Oleoresin Price Chart

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Meanwhile, the increasing prices in Vietnam, Indonesia, and Brazil, where supply was constrained by unfavorable weather, also contributed to the global upward trend. The rising prices for black pepper directly impacted oleoresin costs, as oleoresin is produced by extracting essential oils and compounds from the pepper itself. Therefore, the limited availability and strong demand for black pepper led to higher oleoresin prices in the first half of 2024, reflecting the broader market dynamics and challenges in global pepper supply.
Analyst Insight
According to Procurement Resource, the market projections appear positive for Black Pepper Oleoresin going forward; not much change is predicted.
Black Pepper Oleoresin Price Trend for the Second Half of 2023
In the second half of 2023, the price trend for black pepper oleoresin, an essential extract derived from black pepper, closely followed the fluctuations in black pepper prices. Black pepper oleoresin prices remained stable to slightly downward due to the overall stagnant global pepper market. The sideways movement in black pepper prices, as observed in key markets like Vietnam, Indonesia, and Brazil, directly impacted the price trajectory of its oleoresin, reflecting a similar pattern of limited volatility. The subdued demand for black pepper in major consuming regions, such as the US and EU, coupled with increased interest from China and African countries, created a mixed market environment.
Slight declines in black pepper prices in Indonesia, where domestic and export markets were under pressure, also influenced oleoresin prices. Despite stable prices in other countries like Malaysia and Brazil, the overall demand remained weak. This, combined with reduced import and export activities in Vietnam, where pepper exports decreased by around 28% in July 2023, contributed to the relatively steady but cautious pricing environment for black pepper oleoresin in the latter half of the year. Overall, the price trend for black pepper oleoresin in H2 2023 mirrored the broader market dynamics for black pepper, with a generally stable to slightly declining pattern influenced by subdued demand, cautious market sentiment, and minimal changes in global pepper prices.
Analyst Insight
According to Procurement Resource, the Black Pepper Oleoresin market is expected to remain similarly fluctuating in the coming months. The supply and demand dynamics do not suggest much change.
Black Pepper Oleoresin Price Trend for the First Half of 2023
| Product | Category | Region | Price | Time Period |
| Black Pepper Oleoresin | Flavours and Fragrances | India | 7300 USD/MT | Q2'2023 |
| Black Pepper Oleoresin | Flavours and Fragrances | Brazil | 3500 USD/MT | Q2'2023 |
| Black Pepper Oleoresin | Flavours and Fragrances | Vietnam | 3600 USD/MT | Q2'2023 |
| Black Pepper Oleoresin | Flavours and Fragrances | Indonesia | 2800 USD/MT | Q2'2023 |
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The price trend for black pepper oleoresin directly depend on the black pepper market. Prices mostly remained inclined in the Asian region, especially in India (the biggest spice exporter) in the discussed first two quarters of 2023.
Indian pepper witnessed rising demands from global markets because of its quality and was traded at the highest prices among all varieties. Prices remained high because of regular inquiries from the downstream markets and low production as the unseasonal weather changes restricted the production yield. Further, the producers actively hoarded the product in hopes of price gains in the coming months.
By the end of the second quarter, Indian pepper was trading at about 7300 USD/MT, while Brazilian pepper averaged around 3500 USD/MT. Average export prices from Vietnamese and Indonesian markets stood at about 3600 USD/MT and 2800 USD/MT, respectively. Hence, such high prices of feedstocks and equally high demands caused the price trend for black pepper oleoresin to incline substantially in H1’23.
Analyst Insight
According to the Procurement Resource, the Black Pepper Oleoresin prices are expected to remain swinging at the higher end, as the demands from global markets are still high and low production because of adverse weather conditions will likely curtail the supplies further.
Black Pepper Oleoresin Price Trend for Second Half of 2022
The later quarters of 2022 did not prove to be beneficial in terms of black pepper prices which significantly affected the price trend for black pepper oleoresin. The prices saw a bearish trend as the demand from the end-user industries declined. The rising interest rates to curb high inflation seen in most of the countries along with some significant ups and downs in the natural gas market led to uncertainties in the energy production costs, especially in the European region.
Further, adding to the decline the prices, the zero covid policy adopted by China to control the spread of Covid virus aided the downward trajectory of the prices. This trend forced the manufacturers and producers to hold their supply as they were reluctant to sell their produce at a compromised rate and thus, the level of inventories rose. These factors combinedly kept the prices of black pepper oleoresin in the negative region.
Analyst Insight
According to Procurement Resource, the price trend for black pepper oleoresin are expected to oscillate in the upcoming quarter. The price trend will be majorly affected by the ease of trade restrictions, inflation rates, and the demand from the end-user industries.
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Black Pepper Oleoresin is basically a natural food additive that is derived by solvent extraction of the berries of black pepper or Piper nigrum L. It is a free-flowing, olive-green liquid at ambient temperatures, and has a characteristic aroma of black pepper with a pungent taste.
| Report Features | Details |
| Product Name | Black Pepper Oleoresin |
| Industrial Uses | Spices, Traditional Medicines, Colouring and Flavouring Agent, Food Preservative |
| Synonyms | 8002-56-0 |
| Supplier Database | Synthite Industries Ltd, Akay Group Ltd, Plant Lipids, Universal Oleoresins, BOS Natural Flavours (P) Limited |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The oleoresins are produced by what is known as solvent extraction process. It undergoes the industrial process before its commercial use.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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This report provides the cost structure of red pepper oleoresin production by the solvent extraction method. This process involves the solvent extraction from dried red pepper with organic solvent such as acetone and ethanol.
In this process, the oleoresin is obtained by the solvent extraction of dried berries of Piper nigrum linn with a volatile solvent such as acetone and ethanol.
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