For the Quarter Ending December 2025
APAC
• In India, the Pine Oil Price Index fell by 3.6% quarter-over-quarter, reflecting weaker downstream demand
• The average Pine Oil price for the quarter was approximately USD 1525.96/MT, per market surveys
• Rising inventories and limited exports pressured the Pine Oil Spot Price across northern distribution hubs
• Supply and demand signals drive the Pine Oil Price Forecast for modest monthly oscillations ahead
• Energy and freight increases underpin Pine Oil Production Cost Trend, raising landed costs for distillers
• Domestic consumption steady; the Pine Oil Demand Outlook signals cautious buying and limited near-term restocking
• Cheaper Chinese, US feedstock offers trimmed CIF values, weighing down the Pine Oil Price Index
• Limited Himalayan resin tapping sustained import reliance while logistics normalization adjusted the Price Index dynamics
Why did the price of Pine Oil change in December 2025 in APAC?
• Cheaper Chinese and US crude sulphate turpentine offers reduced landed costs, directly pressuring December prices
• Adequate container arrivals and rising inventories increased buyer leverage, enabling sellers to concede year-end discounts
• Steady downstream offtake lacked upward pull as cleaning and fragrance sectors maintained volumes during December.
North America
• In North America, the Pine Oil Price Index showed a mixed trend in Q4 2025, with early-quarter firmness followed by mid-quarter softening and stabilization toward the end of the quarter.
• The average Pine Oil price for the quarter remained broadly stable, supported by contract demand from household cleaners, disinfectants, fragrance formulations, and mining flotation applications.
• Pine Oil Spot Price softened in October and November due to comfortable inventories and cautious buying from detergent and cleaning product manufacturers, but prices stabilized in December with year-end restocking.
• The Pine Oil Production Cost Trend remained steady, with limited volatility in crude sulfate turpentine and gum turpentine feedstocks, alongside stable energy and logistics costs.
• Pine Oil Demand Outlook remained balanced, supported by steady consumption from household and institutional cleaning products, while demand from mining and industrial applications showed seasonal moderation.
• The Pine Oil Price Forecast indicates range-bound movement, with upside potential linked to improved cleaning product demand and downside limited by stable production economics.
• Adequate regional supply and uninterrupted operations at major pine chemical producers helped limit price volatility, contributing to the mixed movement in the Price Index.
• Import availability and competitive pricing further restrained sharp price increases throughout the quarter.
Why did the price of Pine Oil change in December 2025 in North America?
• The Price Index stabilized in December 2025 as cleaning product manufacturers and distributors increased year-end procurement.
• Improved spot buying activity helped offset earlier-quarter demand softness.
• With the Production Cost Trend remaining stable, December price movement was driven primarily by demand normalization rather than feedstock cost escalation.
• Inventory optimization by producers and distributors supported market stability toward the end of the quarter.
Europe
• In Europe, the Pine Oil Price Index exhibited a mixed trend in Q4 2025, with early-quarter firmness followed by demand-led softening in mid-quarter and stabilization toward the end of the period.
• The average Pine Oil price for the quarter remained largely stable, supported by contract demand from household cleaning, institutional hygiene, fragrance, and industrial applications.
• Pine Oil Spot Price weakened in October as cleaning product manufacturers reduced spot procurement amid sufficient inventories, but prices stabilized in December due to year-end restocking.
• The Pine Oil Production Cost Trend remained steady, as feedstock availability from pine chemicals stayed stable and energy and logistics costs showed minimal volatility.
• Pine Oil Demand Outlook remained balanced, driven by consistent consumption from cleaning and disinfectant formulations, while industrial and mining-related demand showed seasonal moderation.
• The Pine Oil Price Forecast suggests range-bound movement, with upside potential linked to renewed restocking and downside limited by stable production economics.
• Adequate regional supply and uninterrupted operations at European pine chemical producers limited volatility, contributing to the mixed movement in the Price Index.
• Import availability from key supplying regions further capped sharp price increases during the quarter.
Why did the price of Pine Oil change in December 2025 in Europe?
• The Price Index stabilized in December 2025 as detergent and institutional cleaning product manufacturers increased year-end procurement.
• Improved spot buying helped offset earlier demand weakness observed in mid-quarter.
• With the Production Cost Trend remaining stable, December price movements were primarily driven by demand-side normalization.
• Distributor inventory adjustments supported market equilibrium toward the end of the quarter.
For the Quarter Ending September 2025
APAC
• In India, the Pine Oil Price Index fell by 0.74% quarter-over-quarter, reflecting softer end-user buying.
• The average Pine Oil price for the quarter was approximately USD 1719.11/MT, supported by steady downstream demand.
• Pine Oil Spot Price displayed limited volatility amid tight imports and steady domestic resin tapping volumes.
• Pine Oil Production Cost Trend showed pressure from higher gum turpentine feedstock and elevated global freight expenses.
• Pine Oil Demand Outlook remains firm with disinfectant, pharmaceuticals, paints and coatings maintaining consistent bulk offtake.
• Inventories tightened due to import delays, supporting Pine Oil Price Index resilience despite occasional monsoon logistics disruptions.
• Pine Oil Price Forecast indicates modest near-term upside supported by seasonal disinfectant demand and constrained international supply.
Why did the price of Pine Oil change in September 2025 in APAC?
• Import disruptions and elevated freight increased landed costs, tightening supply and pressuring domestic pricing dynamics.
• Sustained downstream demand from disinfectant and pharmaceutical sectors supported buying, limiting downside for Pine Oil Price Index.
• Higher gum turpentine feedstock costs and constrained foreign yields raised production costs, lifting price floor amid tight inventories.
Europe
• In Europe, the Pine Oil Price Index exhibited a mixed trend during Q3 2025, with steady gains through mid-quarter and marginal corrections by late September.
• Pine Oil Spot Price strengthened in July and August, underpinned by high seasonal demand for cleaning and hygiene products during summer months.
• By September, Spot Price eased modestly as downstream consumption normalized and inventories improved across key European markets.
• Pine Oil Production Cost Trend remained stable, with steady gum turpentine feedstock prices and slight reductions in logistics and packaging costs.
• Pine Oil Price Forecast suggests continued mixed movement into Q4 2025, with steady end-use consumption from cleaning products and minor softening expected due to lower industrial reagent demand.
• Pine Oil Demand Outlook in Europe remains robust, driven by consistent requirements from household cleaning, industrial formulations, and metal flotation sectors.
• Stable production rates among major regional suppliers and adequate imports from Asia helped maintain market balance, restricting sharp movements in the Price Index.
• Declining energy prices and improved transport efficiency provided relief to manufacturers, aiding margin stability despite steady product pricing.
Why did the price of Pine Oil change in September 2025 in Europe?
• In September 2025, the Pine Oil Price Index decreased slightly due to easing demand from cleaning product manufacturers following peak summer consumption.
• Improved inventory positions and stable feedstock costs further contributed to downward price adjustments.
• With the Production Cost Trend largely unchanged, the mild decline was primarily demand-driven rather than cost-led.
North America
• In North America, the Pine Oil Price Index showed a mixed performance during Q3 2025, strengthening in July and August before softening marginally toward quarter-end.
• Pine Oil Spot Price gained momentum mid-quarter as sanitizer and cleaning solution manufacturers increased procurement following heightened public hygiene awareness.
• Toward September, Spot Price softened slightly as demand moderated and regional supply normalized.
• Pine Oil Production Cost Trend remained stable, with consistent gum turpentine feedstock prices and improved logistics conditions reducing transportation surcharges.
• Pine Oil Price Forecast indicates a mixed trend heading into Q4 2025—slightly higher prices may reappear if cleaning product consumption rises in winter months, while industrial reagent demand may remain subdued.
• Pine Oil Demand Outlook in North America remains steady, supported by cleaning, pharmaceutical, and industrial chemical applications, though mining reagent demand faced mild contraction.
• Sufficient regional production and stable import inflows helped maintain balanced supply, preventing significant volatility in the Price Index.
• Freight cost moderation and energy price stability contributed to a steady cost structure, supporting market equilibrium.
Why did the price of Pine Oil change in September 2025 in North America?
• In September 2025, the Pine Oil Price Index decreased slightly as downstream demand from cleaning and chemical manufacturers softened post-peak season.
• Stable feedstock values and adequate product availability kept Spot Prices under mild downward pressure.
• The Production Cost Trend remained unchanged, indicating the decline was driven mainly by reduced short-term demand.
For the Quarter Ending June 2025
North America
• The USA Pine Oil Price Index was relatively unchanged in Q2 2025 with little variation in the Pine Oil Spot Price as a result of balanced demand-supply situations.
• Price was constant as consistent institutional cleaning and disinfectant demand had counterbalanced moderate declines in industrial solvent and fragrance segments.
• The U.S. Pine Oil Production Cost Trend remained firm, underpinned by stable feedstock supply and lack of significant weather or labor outages throughout southeastern pine harvesting districts.
• Pine Oil Demand Outlook had been boosted by trends in green cleaning and steady industrial hygiene suppliers and personal care makers consumption.
• The Pine Oil Price Forecast had predicted gentle upward pressure during Q3 2025 owing to seasonal healthcare demand and greater procurement for fall sanitizing campaigns.
Europe
• The Pine Oil Price Index in Europe saw an incline in Q2 2025 amid seasonal restocking and stronger demand from homecare and industrial detergent segments.
• The price increased primarily due to reduced inventory levels and cautious forward stocking by distributors ahead of stricter EU chemical safety revisions.
• The Pine Oil Production Cost Trend had moved mildly upward due to elevated energy costs and tightening environmental constraints in key producing regions like Finland and the Baltics.
• The Pine Oil Demand Outlook had remained positive, supported by rising eco-label adoption in consumer products and growth in green cleaning across commercial buildings.
• The Pine Oil Price Forecast had signaled sustained firmness through Q3, barring unexpected macro disruptions or large-volume imports from Asia.
APAC
• The Pine Oil Price Index in India rose by 4.2% in Q2 2025, with the Pine Oil Spot Price settling around INR 139,900 per metric tonne due to improving demand and stable domestic supply.
• The price increased in Q2, following the upward momentum from Q2, as pharmaceutical and institutional hygiene sectors had maintained strong offtake amid steady import volumes.
• The Pine Oil Production Cost Trend remained stable, driven by uninterrupted resin tapping in Himachal Pradesh and Uttarakhand, and normalized high purity import supply.
• The Pine Oil Demand Outlook had stayed robust, supported by expanding pharmaceutical usage, institutional sanitation demand, and niche applications in personal care.
• The Pine Oil Price Forecast for Q3 2025 had indicated gradual strengthening, fueled by resilient downstream activity and potential environmental risks that could affect future raw material access.
