Agarwood Price

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Welcome to the article on the topic of “Agarwood Price” – where we will explore and discuss the value of agarwood, a precious and rare resource originating from the Aquilaria tree. In today’s world, the price of agarwood not only reflects its luxury in the fragrance and art industry but also signifies the uniqueness and cultural value inherited over centuries. Join us in understanding the factors influencing agarwood prices and why it has become one of the most expensive raw materials in the market today. Additionally, we will also provide updates on the latest agarwood prices in some of the major agarwood markets worldwide.

Agarwood Price Analysis

Factors Influencing the Price of Agarwood

The price of agarwood depends on various factors, including:

1. Supply and demand: The supply of agarwood is becoming increasingly scarce, while the demand is rising, leading to a high price for agarwood.
2. Harvesting and processing methods: Agarwood is harvested and processed using various methods, influencing the quality and price of the product.
3. Climate and geographical conditions affecting quality: Agarwood is formed in regions with suitable climate and geographical conditions, contributing to good quality and high value.

Pricing Factors

Agarwood Prices per Weight (Price per Kilogram)

Agarwood prices are often calculated based on weight (kg). The highest prices are typically for larger quantities of high-quality agarwood.

Agarwood Oil Prices and Its Impact on Overall Prices

Agarwood oil, extracted from agarwood, has a distinctive fragrance and various uses. The price of agarwood oil is also high, ranging from a few hundred to several thousand USD per liter. The price of agarwood oil affects the overall price of agarwood, as it is considered a by-product of agarwood.

Why is Agarwood Expensive?

  • Rare Formation Process: Agarwood is formed due to the injury of the Aquilaria tree, causing the tree to produce resin for protection and healing. This process can take decades or even centuries to complete, making natural agarwood rare and valuable.
  • Unique Fragrance of Agarwood: Agarwood has a distinctive and precious fragrance, considered one of the most valuable scents globally. The aroma of agarwood is known for its relaxation and mood-improving properties, leading to widespread use in the fragrance and cosmetics industry.
  • Increasing Demand: Agarwood is regarded as a precious commodity with various uses, favored by many people worldwide. As a result, the demand for agarwood is increasing, leading to a rise in agarwood prices.

Agarwood Prices in the International Market

The prices of agarwood in the international market vary significantly among different countries.

Agarwood Prices in the United States:

The United States is one of the largest consumers of agarwood in the world. Agarwood prices in the U.S. depend on various factors, including:

1. Types of Agarwood: Agarwood prices in the U.S. are categorized based on the type of agarwood, including:

  • Kyara: The highest-quality agarwood formed in the aged heartwood of Aquilaria trees, with the highest value. Kyara prices in the U.S. range from tens of thousands to millions of USD per kilogram.
  • Natural Agarwood: Formed in the heartwood due to the tree’s injury, with higher value than synthetic agarwood. Prices for natural agarwood in the U.S. range from a few hundred to several thousand USD per kilogram.
  • Cultivated Agarwood: Formed from cultivated agarwood trees, manipulated through grafting, chemical treatment, or mechanical damage. Prices for cultivated agarwood in the U.S. range from a few hundred to several thousand USD per kilogram.
  • Synthetic Agarwood: Created from various woods mixed with agarwood oil, with lower value than natural agarwood. Prices for synthetic agarwood in the U.S. range from tens to hundreds of USD per kilogram.

2. Weight: Agarwood prices in the U.S. are typically calculated based on weight (kg), with higher prices for larger quantities of high-quality agarwood.
3. Purity: Prices depend on the purity of agarwood, with pure agarwood having higher oil content and, therefore, higher value than impure agarwood.
4. Climate and Geography: Agarwood formed in regions with tropical monsoon climates is considered more valuable than agarwood from other regions.

According to a report from the U.S. Agarwood Association, agarwood prices in the U.S. in 2024 are as follows:

  • Kyara: Prices range from $700,000 to $1 million USD per kilogram.
  • Natural Agarwood: Prices range from $3,000 to $80,000 USD per kilogram.
  • Cultivated Agarwood: Prices range from $500 to $7,000 USD per kilogram.
  • Synthetic Agarwood: Prices range from $100 to $500 USD per kilogram.
  • Essential Oil: The most expensive form, with Kyara reaching up to $200,000 per liter.
  • Chips and Chunks: Generally range from $3,000 to $25,000 per kilogram.
  • Powder: Typically cheaper than chips, around $50 to $5,000 per kilogram.
  • Incense: Can be found for as low as $10 per pack or upwards of $2,000 for premium blends.

Agarwood prices in the U.S. have been trending upward in recent years due to increasing consumption and a diminishing supply.

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Where to buy agarwood in the U.S.:

  • Specialty Fragrance Stores: Look for stores specializing in oud or Middle Eastern perfumes. They often carry various agarwood products, though prices might be higher.
  • Online Retailers: Several reputable online sellers offer agarwood products. Popular options include Oudwoodvietnam.com, Agarwood Essential Oil, Abdul Samad Al Qurashi, and Ensar Oud.
  • Oudwoodvietnam.com: This website sells products made from natural agarwood, such as kinam, agarwood pieces for burning, agarwood incense, agarwood bracelets, and agarwood essential oil. You can place orders directly on the website, and there are two options for shipping: free shipping to the US or paid expedited shipping service for approximately $55 from Vietnam to the US.
  • Auction Sites: Platforms like eBay sometimes have listings for agarwood, but be cautious and ensure authenticity before bidding.

Tips for buying agarwood:

  • Educate Yourself: Understand the different grades and forms of agarwood to make informed choices.
  • Ask Questions: Don’t hesitate to ask sellers about the origin, quality, and processing of their agarwood products.
  • Buy Small Quantities First: Especially if you’re new to agarwood, starting with a smaller amount allows you to test the scent and quality before committing to a larger purchase.
  • Beware of Fakes: Unfortunately, counterfeit agarwood is not uncommon. Stick to reputable sellers and consider getting authentication certificates for higher-value purchases.

Agarwood prices in Dubai and UAE

In general, the price of natural agarwood in Dubai and the United Arab Emirates (UAE) ranges from a few million to billions of UAE dirhams (AED) per kilogram. Specifically:

  • Kyara: Kyara is the rarest type of agarwood, with prices ranging from approximately AED 2,920,000 to AED 3,680,000 per kilogram.
  • Natural agarwood: Natural agarwood has prices ranging from a few million to billions of AED per kilogram, depending on quality and weight.
  • Synthetic and imported agarwood: Synthetic and imported agarwood are cheaper than natural agarwood, with prices ranging from a few million to a few tens of million AED per kilogram.

In addition, the price of agarwood in Dubai and the UAE may also vary over time, depending on market demand.

Here are some examples of agarwood prices in Dubai and the UAE:

Buyers should research the different types of agarwood, quality, and prices before making a purchase.

Where to buy agarwood in Dubai?

Some places to buy agarwood in Dubai and the UAE include:

  • Dubai Gold Souk
  • Dubai Spice Souk
  • Jewelry and souvenir shops

Buyers should bargain when buying agarwood in Dubai and the UAE.

Online shopping

You can also buy agarwood online from reputable websites. Some of the places where you can buy agarwood products in Dubai are:

  • Agarwood Group is a website that provides information about agarwood, its price, quality, and origin. They also sell agarwood products, such as oil, chips, powder, and perfume. They claim to offer the best quality and price of agarwood in Dubai.
  • Desertcart is an online shopping platform that offers a variety of agarwood products, such as essential oils, incense, and bracelets. They deliver to anywhere in the UAE and have a customer service team available 24/7.
  • Oudwoodvietnam.com: It is a website that sells products from natural agarwood, a rare and fragrant wood used in perfume, incense, and traditional medicine. You can place an order directly on the website and have two options: free shipping to Dubai or paid for express shipping with a price of about $55 from Vietnam to Dubai.
  • TradeFord is a platform that connects buyers and suppliers of various products, including agarwood. You can find a list of UAE agarwood importers, buyers, and purchasers who want to import agarwood in the UAE.

Agarwood prices in Saudi Arabia

The price of agarwood in Saudi Arabia is similar to that in Dubai and the United Arab Emirates (UAE), depending on many factors, including:

  • Type of agarwood: Natural agarwood is more valuable than artificial or imported agarwood.
  • Quantity: The larger the amount of agarwood, the higher the price.
  • Quality: Agarwood with good quality, beautiful color, and rich fragrance will be more expensive.

In general, the price of natural agarwood in Saudi Arabia ranges from a few million to billions of Saudi riyals (SAR) per kilogram. Specifically:

  • Kyara: Kyara is the rarest type of agarwood, with prices ranging from approximately SAR 2,920,000 to SAR 3,680,000 per kilogram.
  • Natural agarwood: Natural agarwood has prices ranging from a few million to billions of SAR per kilogram, depending on quality and weight.
  • Artificial and imported agarwood: Artificial and imported agarwood are cheaper than natural agarwood, with prices ranging from a few million to a few tens of million SAR per kilogram.

In addition, the price of agarwood in Saudi Arabia may also vary over time, depending on market demand.

Here are some examples of agarwood prices in Saudi Arabia:

Buyers should research the different types of agarwood, quality, and prices before making a purchase.

Where to buy agarwood in Saudi Arabia?

Some places to buy agarwood in Saudi Arabia include:

  • Souq Okaz
  • Souq Al-Balad
  • Jewelry and souvenir shops

Buyers should bargain when buying agarwood in Saudi Arabia.

Online shopping

You can also buy agarwood online from reputable websites. Some of the places where you can buy agarwood products in Saudi Arabia are:

  • Oudwoodvietnam.com: This website provides information about agarwood, its price, quality, and origin. They also sell agarwood products, such as oil, chips, powder, and perfume. They claim to offer the best quality and price of agarwood in Saudi Arabia.
  • Oud and Musk: This is an online store that sells agarwood essential oil, incense powder, feature pieces, logs, and perfume. They also provide information about the history and benefits of agarwood.
  • Binh Nghia Agarwood Co., Ltd: This is a company that exports agarwood products from Vietnam to Saudi Arabia and other countries. They have products available for purchase, such as oil, chips, powder, and bracelets. They also offer free samples and certificates of origin..

Agarwood Prices in Taiwan

The price of agarwood in Taiwan also depends on many factors, including:

  • Type of agarwood: Natural agarwood is more valuable than artificial or imported agarwood.
  • Quantity: The larger the amount of agarwood, the higher the price.
  • Quality: Agarwood with good quality, beautiful color, and rich fragrance will be more expensive.

In general, the price of natural agarwood in Taiwan ranges from a few million to billions of New Taiwan dollars (TWD) per kilogram. Specifically:

  • Kyara: Kyara is the rarest type of agarwood, with prices ranging from approximately TWD 800,000 to TWD 2,000,000 per kilogram, or approximately equivalent to $20,000 to $50,000 USD.
  • Natural agarwood: Natural agarwood has prices ranging from a few million to billions of TWD per kilogram, depending on quality and weight. For example, a piece of natural agarwood with a weight of 10 grams and good quality can be sold for TWD 10,000 to TWD 100,000.
  • Artificial and imported agarwood: Artificial and imported agarwood are cheaper than natural agarwood, with prices ranging from a few million to a few tens of million TWD per kilogram. For example, a piece of artificial agarwood with a weight of 10 grams can be sold for TWD 1,000 to TWD 10,000.

In addition, the price of agarwood in Taiwan may also vary over time, depending on market demand.
Examples of Agarwood Prices in Taiwan:

Buyers should research the different types of agarwood, quality, and prices before making a purchase.

Where to Buy Agarwood in Taiwan?

Some places to buy agarwood in Taiwan include:

  • Shilin Market
  • Ximending Market
  • Jewelry and souvenir shops

Buyers should bargain when buying agarwood in Taiwan.

Online Shopping

You can also buy agarwood online from reputable websites. Some of the places where you can buy agarwood products in Taiwan are:

  • Oudwoodvietnam.com: This website sells natural agarwood products such as kinam, agarwood pieces for burning, agarwood incense, agarwood bracelets, and agarwood essential oil. You can place an order directly on the website and have 2 options: free shipping to Taiwan or paid express shipping with a price of about $55 from Vietnam to Taiwan.
  • Thien Moc Huong Agarwood Jewelry: This website provides information about agarwood, its price, quality, and origin. They also sell agarwood products, such as oil, chips, powder, and perfume. They claim to offer the best quality and price of agarwood in Taiwan.
  • The Attar Store: This is an online store that sells agarwood essential oil, incense powder, feature pieces, logs, and perfume. They also provide information about the history and benefits of agarwood.
  • Just Oud Shop: This website offers a variety of agarwood products, such as oil, chips, powder, and perfume. They also have a blog that covers the history and culture of agarwood in Taiwan.

Agarwood Prices in Hong Kong

The price of agarwood in Hong Kong also depends on many factors, including:

  • Type of agarwood: Natural agarwood is more valuable than artificial or imported agarwood.
  • Quantity: The larger the amount of agarwood, the higher the price.
  • Quality: Agarwood with good quality, beautiful color, and rich fragrance will be more expensive.

In general, the price of natural agarwood in Hong Kong ranges from a few million to billions of Hong Kong dollars (HKD) per kilogram. Specifically:

  • Kyara: Kyara is the rarest type of agarwood, with prices ranging from approximately HKD 800,000 to HKD 2,000,000 per kilogram, or approximately equivalent to $20,000 to $50,000 USD.
  • Natural agarwood: Natural agarwood has prices ranging from a few million to billions of HKD per kilogram, depending on quality and weight. For example, a piece of natural agarwood with a weight of 10 grams and good quality can be sold for HKD 10,000 to HKD 100,000.
  • Artificial and imported agarwood: Artificial and imported agarwood are cheaper than natural agarwood, with prices ranging from a few million to a few tens of million HKD per kilogram. For example, a piece of artificial agarwood with a weight of 10 grams can be sold for HKD 1,000 to HKD 10,000.

In addition, the price of agarwood in Hong Kong may also vary over time, depending on market demand.
Examples of Agarwood Prices in Hong Kong:

Buyers should research the different types of agarwood, quality, and prices before making a purchase.

Where to Buy Agarwood in Hong Kong?

Some places to buy agarwood in Hong Kong include:

  • Soho Market
  • Temple Street Market
  • Jewelry and souvenir shops

Buyers should bargain when buying agarwood in Hong Kong.

Online Shopping

You can also buy agarwood online from reputable websites. Some of the places where you can buy agarwood products in Hong Kong are:

  • Oudwoodvietnam.com: This website sells natural agarwood products such as kinam, agarwood pieces for burning, agarwood incense, agarwood bracelets, and agarwood essential oil. You can place an order directly on the website and have 2 options: free shipping to Hong Kong or paid express shipping with a price of about $55 from Vietnam to Hong Kong.
  • HOGA Agarwood Wood: This website provides information about agarwood, its price, quality, and origin. They also sell agarwood products, such as oil, chips, powder, and perfume. They claim to offer the best quality and price of agarwood in Hong Kong.
  • hongkongincense: This is a blog that covers the history and culture of agarwood in Hong Kong. They also provide tips on how to identify and appreciate agarwood, as well as some recommendations on where to buy agarwood products in Hong Kong.
  • Medipharmaco: This company exports agarwood products from Vietnam to Hong Kong and other countries. They have products available for purchase, such as oil, chips, powder, and perfume. They also offer free samples and certificates of origin.

Agarwood Prices in Singapore

The price of agarwood in Singapore also depends on many factors, including:

  • Type of agarwood: Natural agarwood is more valuable than artificial or imported agarwood.
  • Quantity: The larger the amount of agarwood, the higher the price.
  • Quality: Agarwood with good quality, beautiful color, and rich fragrance will be more expensive.

In general, the price of natural agarwood in Singapore ranges from a few million to billions of Singapore dollars (SGD) per kilogram. Specifically:

  • Kyara: Kyara is the rarest type of agarwood, with prices ranging from approximately SGD 100,000 to SGD 800,000 per kilogram, or approximately equivalent to $12,000 to $96,000 USD.
  • Natural agarwood: Natural agarwood has prices ranging from a few million to billions of SGD per kilogram, depending on quality and weight. For example, a piece of natural agarwood with a weight of 10 grams and good quality can be sold for SGD 100 to SGD 1000.
  • Artificial and imported agarwood: Artificial and imported agarwood are cheaper than natural agarwood, with prices ranging from a few million to a few tens of million SGD per kilogram. For example, a piece of artificial agarwood with a weight of 10 grams can be sold for SGD 100 to SGD 1000.

In addition, the price of agarwood in Singapore may also vary over time, depending on market demand.
Examples of Agarwood Prices in Singapore:

Where to Buy Agarwood in Singapore?

Some places to buy agarwood in Singapore include:

  • Chinatown
  • Little India
  • Arab Street
  • Visiting specialty agarwood stores

Online Shopping

You can also buy agarwood online from reputable websites. Some of the places where you can buy agarwood products in Singapore are:

  1. Oudwoodvietnam.com: This website sells natural agarwood products such as kinam, agarwood pieces for burning, agarwood incense, agarwood bracelets, and agarwood essential oil. You can place an order directly on the website and have 2 options: free shipping to Singapore or paid express shipping with a price of about $55 from Vietnam to Singapore.
  2. Fragrant Wood House is a retail shop that specializes in various kinds of fragrant wood, such as agarwood, sandalwood, beads, and essential oils. They offer many choices of agarwood products imported from places in Asia.
  3. Ace Wood is a website that sells agarwood accessories, incense, Buddhist/Taoist effigies, and lifestyle items. They pride themselves as the connoisseur of the most treasured wood, with impeccable quality and immaculate workmanship.
  4. Agarwood and Natural Wood collection is a website that offers a range of agarwood products, such as oil, chips, powder, and perfume. They also provide information about the price, quality, and origin of agarwood.

Price of Agarwood in Vietnam

The price of agarwood in Vietnam also depends on many factors, including:

  • Type of agarwood: Natural agarwood is more valuable than artificial or imported agarwood.
  • Quantity: The larger the amount of agarwood, the higher the price.
  • Quality: Agarwood with good quality, beautiful color, and rich fragrance will be more expensive.

Typically, the price of natural agarwood in Vietnam ranges from a few million to billions of Vietnamese dong (VND) per kilogram. Specifically:

  • Kynam: Kynam is the rarest type of agarwood, with prices ranging from $80,000 to $200,000 per kilogram.
  • Natural agarwood: Natural agarwood has prices ranging from a few million to billions of VND per kilogram, depending on quality and quantity.
  • Artificial and imported agarwood: Artificial and imported agarwood is cheaper than natural agarwood, ranging from a few million to tens of millions of VND per kilogram.

In addition, the price of agarwood in Vietnam can also change over time, depending on market demand.
Examples of Agarwood Prices in Vietnam:

  • Natural agarwood bracelet: 5,000,000 – 10,000,000 VND
  • Natural agarwood ring: 2,000,000 – 5,000,000 VND
  • Natural agarwood necklace: 5,000,000 – 10,000,000 VND
  • Natural agarwood statue: 10,000,000 – 100,000,000 VND

Buyers should research carefully about the different types of agarwood, quality, and prices before making a purchase.

Where to Buy Agarwood in Vietnam?

Some places to buy agarwood in Vietnam include:

  • Khanh Hoa Market
  • Da Nang Market
  • Jewelry and souvenir stores

Buyers should bargain when buying agarwood in Vietnam.

In addition, you can buy agarwood online at reputable websites.

Some of the places where you can buy agarwood products in Vietnam are:

  1. Oudwoodvietnam.com: This website sells natural agarwood products such as kinam, agarwood pieces for burning, agarwood incense, agarwood bracelets, and agarwood essential oil. You can place an order directly on the website and have free shipping to your address.
  2. Hoang Giang Agarwood Co., Ltd: A company with a closed activity field in manufacturing and trading of agarwood: planting, transplanting agarwood on Aquilaria trees, producing and supplying agarwood products. They have products available for purchase, such as oil, chips, powder, and perfume. They also offer free samples and certificates of origin.
  3. Agarwood – Agar Latest Price, Manufacturers & Suppliers: A website that lists various agarwood suppliers and manufacturers in Vietnam. You can find agarwood products such as oil, chips, powder, and perfume, with their prices and contact details.
  4. Agarwood in Vietnam, Agarwood Manufacturers & Suppliers in … – TradeIndia: A website that offers a wide range of agarwood products for sale in Vietnam, such as oil, chips, powder, and perfume. You can compare the prices and quality of different agarwood products and choose the best one for your needs.

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