Many people are familiar with the name agarwood, which has the nickname “Scent is more valuable than gold.” Many agarwood products are very expensive, and only the wealthy can afford them. Have you ever wondered, “What criteria affect this price?” Let’s get Chien Dan to figure it out right now!
1. Origin of precious plant
Agarwood is the section of the Aquilaria crassna tree’s wood that contains aromatic resins that grow when the tree is afflicted with fungus or injured by external causes. The heartwood is odorless and light in color before infection. However, when the infection worsens, the plant produces a dark fragrant resin to protect itself. Agarwood is the result of this substance penetrating into the heartwood over time.
Agarwood grows in tropical Asian climates. Because of that, agarwood originated from India but is now popular in other Asian countries, including Vietnam. Vietnamese agarwood is considered one of the best agarwood in the world.
2. Agarwood usage
Agarwood has numerous beneficial properties in terms of beauty, health, and feng shui. It also improves blood circulation and resistance at the same time.
It helps dispel negative energy and attract wealth. People wear it as an amulet to ward off bad luck and bring calm to the owner.
3. Agarwood price in the market
Currently, the price of a kilogram of Kyara fluctuates from 100,000 USD to 800,000 USD, or 2 to 16 billion VND. Among all forms of agarwood in Southeast Asia, Vietnam agarwood is the highest grade. Because Vietnam agarwood suppliers are currently in shortage, the price of this variety is relatively expensive. Vietnam agarwood price can cost anywhere between 50,000 and 100,000 dollars per kilogram. The higher the age, the higher the price, which can reach billions of dong in some cases.
4. The factors that affect agarwood price
4.1 Origins
Agarwood is made from the biological properties of Aquilaria crassna, as we all know. There are 25 species of Aquilaria crassna in the world, but only 19 species that can produce agarwood are found in Asian countries, including Aquilaria grandiflora, Aquilaria Sinensis Merr, Aquilaria Chinesis – all of which are found in China; A.beccariana Van Tiegh, A.microcarpa Baill – both of which are found in Malaysia and Indonesia; A.hirta Rid
Vietnam, in particular, having the greatest quality and most expensive agarwood-related products in the world.
4.2 Percentage of oil
It’s not hard to discover articles in Japanese about Ky nam or Kyara that cost tens of billions of dong. Ky nam is genuinely natural agarwood with a 90% oil content, the highest of all varieties of agarwood and highly rare. Therefore, the price of agarwood can base on the amount of oil in the wood. The tree secretes resin to cover and cure wounds during the production of agarwood. The bigger the damage, the more resin the tree will secrete, which implies the more oil contained in the wood molecule, the higher the price of agarwood.
Grade 1 agarwood usually has an oil contamination rate of 70-80% and types 2,3 with a lower oil contamination rate will have a lower price.
4.3 Time of accumulating resin into agarwood
Aquilaria crassna tree portions will exude resin to keep the infection from spreading to other parts of the tree. The white wood sections disintegrate, leaving only the most vital component, the resin that emits the aroma. The greater the purity of the agarwood, and the more fragrant the smell, the longer the incense retention ability, the longer the agarwood accumulation period.
Natural agarwood is extremely valuable since it takes hundreds of years to accumulate agarwood in the deep forest.
4.4 Scent
The fragrance is the biggest characteristic of agarwood. When burning less smoke, the stronger and more persistent the aroma, the higher the value. The unique sweet and aromatic scent of agarwood is totally different with other scents. It can affect the body through the sense of smell and aid in mind, body, and lucidity.
4.5 Color
The color and pattern of the agarwood also can distinguish between real and fake. It is also the foundation for valuing Agarwood. The color of the real stuff is usually dark. The more and more clear the density of oil veins on the wood grain, the more oil-containing the wood molecules.
