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Potential export of Vietnamese Agarwood
Clearing hilly area to plant Aquilaria crassna trees for agarwood production is common in several Vietnamese regions. The process of making agarwood is arduous and difficult, as well as only a few people succeed. However, because agarwood has such a high economic value, many people are willing to take risks and devote all of their energies to making it. Agarwood can be processed into a variety of goods, which are now supplied to various nations throughout the world.
1. Vietnam – A large supply for the market
Previously, agarwood was a typical product of South Asian countries. After then, only Malaysia, Indonesia, Thailand, and Myanmar had agarwood approximately ten years ago. Unfortunately, the output of agarwood in these countries has recently decreased significantly because mining resources are nearly depleted. Prior to 1991, Vietnam exported 10 to 15 million dollars worth of agarwood each year. Although highly valued for its quality, Vietnamese agarwood is exclusively shipped in raw form or as fine art furniture, hence its value is low.
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Tue May 10, 2022 1:49 pm
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