Crude oil and Flavours and fragrances

Crude oil is a raw material for flavours and fragrances; their prices have moved together.

Crude oil (energy) and Flavours and fragrances (chemical): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Crude oil → Flavours and fragrances

Flavours and fragrances is made from crude oil: it is one of the raw materials its production routes start from.

2. Price link: distant feedstock

Cost and price · Weak · Both ways

Many synthetic aroma chemicals derive ultimately from petrochemicals or turpentine, but their value is far above feedstock cost. Monthly moves correlate at 0.00 and yearly at 0.04, so oil has almost no visible effect.

• -0.00 monthly change correlation
• 0.04 12-month change correlation
• -0.25 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.