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The United States paid the most for eugenol in Q3 2026: USD 30.10/KG, up 6.0% from USD 28.40/KG in Q2. Prices there include import costs and strict quality controls. Worldwide, the average rose 6.4% to USD 27.38/KG from USD 25.73/KG, mostly because clove supply stayed tight and flavour and fragrance buyers kept ordering. What about Q4 2026? We expect a global average somewhere in the USD 26.79-29.61/KG range, with clove leaf oil supply, Indonesian weather and fragrance demand doing most of the work.
Eugenol is an aromatic compound that gives clove its warm, spicy smell. It is mostly extracted from clove leaf oil, and it is also made synthetically from other raw materials. This report tracks technical-grade eugenol, quoted per kilogram, in the main producing and importing markets. It is used in flavours and fragrances, as an intermediate for vanillin and isoeugenol, and in dental and veterinary products. Prices follow clove leaf oil supply, weather in Indonesia, extraction costs, and demand from flavour, fragrance and pharma buyers.
Indonesia is the largest source of clove leaf oil and therefore of natural eugenol, while China, India and Madagascar supply smaller volumes and process material into finished grades. Global transaction prices averaged close to 24 dollars a kilogram over the twelve months to July 2026, and the average of the latest ninety days was about 9 percent higher. Tight clove supply, low farm productivity and erratic weather in Indonesia have kept offers firm, while demand from flavour, fragrance and pharma users has stayed steady.
Prices should rise through the rest of 2026. Tight clove supply and steady fragrance demand support prices. Year on year, the global average has moved from USD 22.90/KG to USD 27.38/KG, an increase of 19.6%.
For Q4, the risks are weighted toward higher prices. What could push prices higher? Poor clove harvests, stronger flavour demand or higher extraction costs would lift prices. What could pull them lower? A larger clove crop, weak fragrance demand or cheaper synthetic supply would lower prices.
| Region | 2026 Price Range (USD/KG) | Outlook |
| Global Average | 26.79 - 29.61 | Tight clove supply supports prices |
| Indonesia | 24.76 - 27.36 | Clove supply keeps prices firm |
| China | 25.93 - 28.67 | Export demand supports prices |
| India | 27.01 - 29.85 | Import costs lift landed prices |
| United States | 29.45 - 32.55 | Import reliance keeps prices high |
In Q3 2026, the average price in Indonesia firmed 7.2% to USD 25.30/KG, compared with USD 23.60/KG in Q2. Prices rose as clove leaf oil supply stayed tight after erratic weather. Compared with Q3 2025, when Indonesia averaged USD 21.00/KG, the current price is 20.5% higher. The gap to the four-market average of USD 27.38/KG was 7.6% below for Indonesia.
Why did the price of Eugenol change in Q3 2026 in Indonesia?
Indonesia rose. Clove leaf oil supply stayed tight after erratic weather. Buyers kept orders close to immediate needs. At USD 25.30/KG, Indonesia is 16.6% higher than in Q4 2025, when the average was USD 21.70/KG, and the global average is 15.4% higher over the same period.
China's average gained 6.4% in Q3 2026, to USD 26.50/KG from USD 24.90/KG in Q2. Prices rose as fragrance and flavour buyers kept ordering at higher quotes. The current level is 21.0% above the Q3 2025 average of USD 21.90/KG. Against the four-market average of USD 27.38/KG, China stood 3.2% below in the quarter.
Why did the price of Eugenol change in Q3 2026 in China?
China rose. Fragrance and flavour buyers kept ordering at higher quotes. Traders checked stock levels before committing to larger volumes. Since Q4 2025 the price in China has gone up 16.2%, from USD 22.80/KG to USD 26.50/KG, while the global average has gone up 15.4%.
Prices in India rose 6.2% in Q3 2026 to USD 27.60/KG, against USD 26.00/KG in Q2. Prices rose as importers paid more for scarce clove-derived feedstock. Compared with Q3 2025, when India averaged USD 23.00/KG, the current price is 20.0% higher. The gap to the four-market average of USD 27.38/KG was 0.8% above for India.
Why did the price of Eugenol change in Q3 2026 in India?
India rose. Importers paid more for scarce clove-derived feedstock. Offers were reviewed weekly as contract talks went on. Compared with the Q4 2025 average of USD 23.90/KG, the price in India has changed by +15.5%, against +15.4% for the global average.
The United States recorded a 6.0% gain in Q3 2026, with the average rising to USD 30.10/KG from USD 28.40/KG in Q2. Prices rose as importers covered flavour demand at higher landed costs. The current level is 17.1% above the Q3 2025 average of USD 25.70/KG. Against the four-market average of USD 27.38/KG, the United States stood 9.9% above in the quarter.
Why did the price of Eugenol change in Q3 2026 in United States?
The United States rose. Importers covered flavour demand at higher landed costs. Most deals were settled on short notice. At USD 30.10/KG, the United States is 13.6% higher than in Q4 2025, when the average was USD 26.50/KG, and the global average is 15.4% higher over the same period.
Prices in Indonesia climbed 4.4% in Q2 2026 to USD 23.60/KG, against USD 22.60/KG in Q1. Prices rose as clove supply stayed tight. Compared with Q2 2025, when Indonesia averaged USD 20.40/KG, the current price is 15.7% higher. The gap to the four-market average of USD 25.73/KG was 8.3% below for Indonesia.
Why did the price of Eugenol change in Q2 2026 in Indonesia?
Indonesia rose. Clove supply stayed tight. Order sizes stayed modest through the quarter. Q1 had brought a 4.1% gain, and by the end of Q2 the price was 15.7% above the Q2 2025 average of USD 20.40/KG. Q3 then extended the move, taking the price to USD 25.30/KG.
China recorded a 4.6% gain in Q2 2026, with the average rising to USD 24.90/KG from USD 23.80/KG in Q1. Prices rose as flavour and fragrance buyers restocked. The current level is 17.5% above the Q2 2025 average of USD 21.20/KG. Against the four-market average of USD 25.73/KG, China stood 3.2% below in the quarter.
Why did the price of Eugenol change in Q2 2026 in China?
China rose. Flavour and fragrance buyers restocked. Contract talks were mostly settled before the quarter began. After +4.4% in Q1, the quarter closed 17.5% above its year-earlier level of USD 21.20/KG, and in Q3 the move was extended, to USD 26.50/KG.
In Q2 2026, the average price in India gained 4.4% to USD 26.00/KG, compared with USD 24.90/KG in Q1. Prices rose as clove supply stayed tight. Compared with Q2 2025, when India averaged USD 22.30/KG, the current price is 16.6% higher. The gap to the four-market average of USD 25.73/KG was 1.0% above for India.
Why did the price of Eugenol change in Q2 2026 in India?
India rose. Clove supply stayed tight. Sellers adjusted offers in small steps. Year on year the price is 16.6% higher than the USD 22.30/KG of Q2 2025, following +4.2% in Q1. Q3 extended the move, with the price at USD 27.60/KG.
The United States' average rose 3.6% in Q2 2026, to USD 28.40/KG from USD 27.40/KG in Q1. Prices rose as flavour and fragrance buyers restocked. The current level is 13.6% above the Q2 2025 average of USD 25.00/KG. Against the four-market average of USD 25.73/KG, the United States stood 10.4% above in the quarter.
Why did the price of Eugenol change in Q2 2026 in United States?
The United States rose. Flavour and fragrance buyers restocked. Buyers worked through existing stock before placing new orders. Q1 had brought a 3.4% gain, and by the end of Q2 the price was 13.6% above the Q2 2025 average of USD 25.00/KG. Q3 then extended the move, taking the price to USD 30.10/KG.
Eugenol prices rose through 2025 and rose in 2026. The global average moved from USD 21.68/KG in Q1 2025 to 22.23 in Q2, 22.90 in Q3, 23.73 in Q4, then 24.68 in Q1 2026, 25.73 in Q2 and 27.38 in Q3, a net gain of roughly 26.3% across the window. Clove leaf oil supply, Indonesian weather and fragrance demand set the direction.
| Quarter | Price (USD/KG) | QoQ Change | Direction |
| Q3 2026 | 27.38 | +6.4% | ↑ Rising |
| Q2 2026 | 25.73 | +4.3% | ↑ Rising |
| Q1 2026 | 24.68 | +4.0% | ↑ Rising |
| Q4 2025 | 23.73 | +3.6% | ↑ Rising |
| Q3 2025 | 22.90 | +3.0% | ↑ Rising |
| Q4 2026 | In Progress | - | - In Progress |
2025 was a year of steady gains for eugenol. Starting near USD 21.68/KG in Q1, the global average finished the year at 23.73 in Q4, a gain of about 9.5%. Clove leaf oil supply, Indonesian weather and fragrance demand set the direction.
In Indonesia, prices moved from about USD 19.80/KG in Q1 2025 to USD 21.70/KG by Q4, up roughly 9.6%. Prices rose in every quarter as clove supply and fragrance demand moved higher through the year. Relative to the end of 2025, the price in Indonesia is 16.6% higher at USD 25.30/KG.
In China, prices moved from about USD 20.60/KG in Q1 2025 to USD 22.80/KG by Q4, up roughly 10.7%. Prices rose in every quarter as weather and harvest size tightened supply through the year. Since the 2025 close of USD 22.80/KG, the price in China has moved up 16.2%, reaching USD 26.50/KG in Q3 2026.
In India, prices moved from about USD 21.80/KG in Q1 2025 to USD 23.90/KG by Q4, up roughly 9.6%. Prices rose in every quarter as clove supply and fragrance demand moved higher through the year. Relative to the end of 2025, the price in India is 15.5% higher at USD 27.60/KG.
In the United States, prices moved from about USD 24.50/KG in Q1 2025 to USD 26.50/KG by Q4, up roughly 8.2%. Prices rose in every quarter as weather and harvest size tightened supply through the year. Since the 2025 close of USD 26.50/KG, the price in the United States has moved up 13.6%, reaching USD 30.10/KG in Q3 2026.
Expert Market Research: Your Source for Real-Time Eugenol Price Intelligence
We follow eugenol prices in the main producing and consuming countries, and trace each move back to clove leaf oil supply, Indonesian weather, fragrance demand and demand. Our forecasts draw on clove supply, weather and fragrance demand across all reporting regions, so subscribers see why a price moved and not just that it did. Need pricing data, bespoke market analysis, or procurement advisory? Reach out to our team.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Used in flavours, fragrances, vanillin production, and dental and veterinary products.
In Q3 2026, it averaged USD 25.30/KG in Indonesia, USD 26.50/KG in China, USD 27.60/KG in India and USD 30.10/KG in the United States. The United States was the priciest market.
The global average went from USD 23.73/KG in Q4 2025 to 24.68 in Q1, 25.73 in Q2 and 27.38 in Q3, up 15.4% overall. Prices rose in Q1, rose in Q2 and rose in Q3.
Tight clove supply and steady flavour and fragrance demand lifted quotes.
We expect a global average somewhere in the USD 26.79-29.61/KG range. Clove leaf oil supply and Indonesian weather point to a higher range.
The United States sits at the top and Indonesia at the bottom. The United States is dearest because of import costs and strict quality controls, while Indonesia is cheapest on supply close to the clove oil producers.
Monthly. Need something more current? The Expert Market Research team is available directly.
Clove leaf oil supply, Indonesian weather, fragrance demand and freight drive the volatility.
Indonesia leads clove leaf oil supply, with China, India and Madagascar adding smaller volumes.
Buy ahead of the harvest season and approve a second source of clove-derived material.
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