HS Code:
Geraniol (HS Code: 290522) is a monoterpenoid and an alcohol, primarily used as a fragrance ingredient in perfumes, cosmetics, and household products due to its rose-like scent. It is also utilized in the flavor industry and as a precursor in the synthesis of other chemicals. Geraniol is derived from essential oils such as rose oil, citronella oil, and palmarosa oil, and is produced both naturally and synthetically. It plays a significant role in the global fragrance and flavor market, with demand driven by consumer preferences for natural and floral scents.
Total Trade Volume
USD 120 million
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 35 million
29.2% of total trade of total trade
Increasing
USD 25 million
20.8% of total trade of total trade
Increasing
USD 18 million
15.0% of total trade of total trade
Stable
USD 15 million
12.5% of total trade of total trade
Stable
USD 10 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-India FTA)
Rising demand for natural and organic fragrances
Increased sourcing of naturally derived geraniol from essential oils, boosting trade from countries like India and Indonesia
2021-2023
Growth in sustainable and green chemistry
Shift towards bio-based and synthetic geraniol production to reduce environmental impact, influencing trade patterns
2020-2022
Fluctuations in raw material availability
Price volatility due to weather-related disruptions in essential oil production, affecting export volumes
2019-2022
The European Union updated its regulations under the Cosmetics Regulation (EC) No 1223/2009, mandating stricter labeling for geraniol as a potential allergen in cosmetic products.
March 2023
Increased compliance costs for exporters to the EU market, potentially reducing trade volumes in the short term.
The Indian government introduced incentives under the Foreign Trade Policy 2023 to boost exports of essential oils and their derivatives, including geraniol.
April 2023
Expected to increase Indiaโs share in the global geraniol market, intensifying competition with China.
Major fragrance manufacturers in Europe and the US are increasingly demanding sustainability certifications for geraniol supply chains.
January 2023
Suppliers from developing countries may face barriers if unable to meet certification standards, reshaping trade dynamics.