Agarwood
Agarwood is a fragrant wood commonly used in Muslim cultural and religious ceremonies. Its oil is widely used as a perfume, known for its long-lasting scent on the skin. In the perfume industry, agarwood is considered a premium and expensive ingredient for fragrance formulation.
"Agarwood" refers to a type of essential oil, resin, or gum (terpenoid) produced as part of the tree’s natural healing process. When the agarwood tree is wounded, it produces this resin around the injury site, turning the wood from white to brown or even black, and giving it its distinctive scent. Naturally occurring agarwood takes a long time to develop.
Agarwood is in high demand in European and Middle Eastern markets. Various forms such as heartwood, wood chips, wood dust, and perfume are sold, with prices varying depending on the part and quality.
The average price of agarwood ranges from 500,000 to 2,500,000 Thai Baht per kilogram.