Where Does Agarwood Essential Oil Come From? An Analysis of Agarwood Prices

Because agarwood is not like gold, its price cannot simply be calculated by weight in grams. Anyone familiar with agarwood knows that prices vary enormously depending on quality. So where does agarwood essential oil come from? How much does agarwood cost? Let's take a look.

The main sources of agarwood today are: Vietnam, Indonesia, Malaysia, Thailand, Myanmar, Cambodia, and China

Take the most common 16mm bead bracelet as an example: an entry-level bracelet weighs just over 10 grams and costs around 1,000 yuan, which works out to roughly 80-100 yuan per gram; a sinking bracelet, however, weighs over 30 grams and costs over 100,000 yuan, with a price per gram of around 5,000; and if it is Kynam-grade agarwood, the price per gram is at least 10,000. Knowing all this, would you still ask how much agarwood costs per gram?

Some friends may then ask: if good agarwood costs dozens or even hundreds of times more than gold, why is agarwood so expensive? In the end, the main reason is still its scarcity, followed by the difficulty of harvesting and processing it. Anyone who has studied agarwood knows that not every agarwood tree can produce good agarwood; a fine piece of agarwood has strict requirements regarding its surrounding environment, the time taken to form the resin, and the cause of injury. So good agarwood is very rare, and its formation takes at least forty or fifty years, making it essentially non-renewable.