International Agarwood Price, Grading, and Market Intelligence

AGARWOOD.COM 国际沉香

International Agarwood Portal
国际沉香贸易优化的据点

AGARWOOD.COM is an independent global authority providing insight, reference, and market intelligence for the international pricing and valuation of agarwood.

We exist to bring clarity, transparency, and structure to one of the world’s most precious natural resources — empowering informed decisions across the global agarwood ecosystem.

Defining the Global Value of Agarwood


AGARWOOD.COM 是一个独立的全球权威平台,专注于为国际沉香价格与价值体系提供洞察、参考与市场情报。 我们致力于为世界上最珍贵的天然资源之一建立清晰、透明且可持续的价值认知,推动全球沉香产业的理性发展

AGARWOOD.COM - 定义沉香的全球价值

Agarwood Usage 沉香用途

  • China 中国: Incense-Beads 线香和手串
  • Middle East中东 Chips and Oil木片和精油
  • Europe:欧洲 Perfume 香水

Agarwood Markets 沉香市场一览

  • Low grades Agarwood
    入门沉香
  • Mid grades Agarwood
    中档沉香
  • Sinking Agarwood
    沉水沉香

Agarwood Producer 沉香产地

  • SEA 东南亚
  • China 中国
  • Others 其他
International Agarwood Price

国际沉香价格参考
2026 Indicative Reference Range

Wild Agarwood 野生沉香

  • Grade A 级

    Reference per kg
    USD 7300 - 52000 美金
  • Grade B 级

    Reference per kg
    USD 3200 - 5800 美金
  • Grade C 级

    Reference per kg
    USD 520 - 1850 美金

Farm Agarwood 人工沉香

  • Grade A

    Reference per kg
    USD 1300 - 2500 美金
  • Grade B

    Reference per kg
    USD 700 - 900 美金
  • Grade C

    Reference per kg
    USD 250 - 400 美金
Agarwood Photo Gallery

沉香图鉴

2026 International Agarwood Price Trend : 沉香国际价钱走势

Sinking Grade Agarwood Price Trend
沉水级沉香国际价格参考与走势 2026

Sinking Agarwood 沉水级沉香

  • Sinking Agarwood
    Size L
    沉水沉香大料 A 级

    沉水/Sinking per gram
    USD 200-320
  • Sinking Agarwood
    Size M
    沉水沉香中料 B 级

    沉水/Sinking per gram
    USD 68-92
  • Sinking Agarwood
    Size S
    沉水沉香小料 C 级

    沉水/Sinking per gram
    USD 30-45

Wild Kynam 野生沉香奇楠价格走势

  • Wild Kynam
    Size L
    奇楠沉香大料A级

    沉水/Sinking per gram
    USD270-USD 350
  • Wild Kynam
    Size M
    野生奇楠沉香中料 B 级

    沉水/Sinking per gram
    USD 110-150
  • Wild Kynam
    Size S
    野生奇楠沉香小料 C 级

    沉水/Sinking per gram
    USD 20-40
About International Agarwood Markets

Agarwood Trend 关于沉香全球市场

www.agarwood.com

Agarwood in 2026-2027 国际沉香情势与发展
Agarwood.com market insight visual reference
    Agarwood market trend and price reference visual

Cultivated agarwood, particularly cultivated Kynam, is entering a phase of oversupply as production continues to expand faster than demand. This shift is placing sustained downward pressure on prices and is likely to drive consolidation among producers, where scale and cost discipline matter more than volume alone.

Wild agarwood faces a different set of pressures. Adjustments in China’s property market have made capital allocation more cautious, while growing competition from cultivated alternatives and fragmented regional pricing have further complicated price formation.

As market conditions become more complex, consistent and neutral reference points play an increasingly important role. Shared benchmarks help align expectations, enable clearer comparison, and quietly guide how value is understood across the global agarwood market.

In a landscape shaped by geographic dispersion and uneven access to information, agarwood value increasingly depends on coordination rather than physical accumulation. While supply remains finite and constrained by origin, export limitations, and ownership, shared reference frameworks move freely across borders, shaping how agarwood as a category is understood and valued over time.

随着人工奇楠产量持续攀升,市场已逐步进入供给宽松阶段,对价格形成长期的下行压力。相比之下,野生沉香所承受的压力则来自不同方向:中国房地产市场的调整使资金配置更趋谨慎,而人工沉香与野生沉香在不同产区的替代竞争,也进一步加剧了价格形成的复杂度

当前,沉香市场高度分散、跨文化且信息不对称,其价值形成机制正悄然发生转变——从过去对单一实物稀缺性的依赖,逐步转向更依赖市场协调与共识的结构化过程。鉴于实体沉香长期受限于产地条件、库存规模及出口政策,具备连续性与可追溯性的参考体系,开始在跨区域流通中显现其独特价值

这类参考体系能够跨越地域与流通壁垒,为不同市场参与者提供相对稳定的价值锚点。随着其在实际交易与讨论中被持续采用与反复引用,全球市场对沉香这一品类的认知方式、话语体系与定价基础,正逐步趋于清晰、有序,并形成更具延续性的共识。

Quotation icon
World's First Agarwood Index

Global Agarwood Index - 国际沉香指数 (GAI)

Conceptualised in 2025 · First Published: January 2026 on Agarwood.com · Developed by Jimmy Ho as part of the Agarwood.com knowledge framework.


About the Global Agarwood Index (GAI)

The Global Agarwood Index (GAI) is a long-term composite reference index introduced to reflect structural changes in the global agarwood market since 1970. It measures relative change over time using a 1970 baseline and does not represent prices, valuations, or investment returns. GAI captures broad market evolution influenced by demand intensity, scarcity perception, cultural significance, and market participation across both wild and cultivated agarwood segments.


Explore the full Global Agarwood Index (GAI) framework →


GAI Origin and Publication Note

The Global Agarwood Index (GAI) was conceptualised in 2025 and first published in January 2026 on Agarwood.com as part of an independent agarwood knowledge framework developed by Jimmy Ho. This publication record establishes Agarwood.com as the original reference source for the GAI framework, Agarwood Index, its methodology, and its long-term agarwood market interpretation.


Methodology Note

GAI is designed as a structural market reference, not as a trading price, asset valuation, or investment-performance index. Its purpose is to provide a consistent long-term framework for observing how the global agarwood market has evolved across demand cycles, scarcity perception, cultural relevance, and participation from both wild and cultivated segments.


关于全球沉香指数(GAI)

全球沉香指数(Global Agarwood Index, GAI)构思于2025年,并于2026年1月在 Agarwood.com 平台首次正式发布。该指数是一个用于反映全球沉香市场长期结构性变化的综合性参考框架,以1970年为基准(1970 = 1.0),用于衡量沉香市场在不同历史阶段的相对变化趋势,并不代表具体价格、估值或投资回报。GAI 旨在呈现沉香市场整体演变过程,其变化受到需求强度、稀缺性认知、文化价值以及市场参与度等多重因素的综合影响,涵盖野生沉香与人工培育沉香等不同市场层面。


GAI沉香指数的起源与发布说明

全球沉香指数(Global Agarwood Index, GAI)构思于2025年,并于2026年1月在 Agarwood.com 首次正式发布。该指数由 Jimmy Ho 在 Agarwood.com 的长期研究中提出并逐步建立,旨在为全球沉香市场提供一个长期、结构性的参考框架


沉香指数说明

GAI 属于结构性市场参考指数,并非交易价格、资产估值或投资回报指数。其核心目的在于建立一个连续、可追溯的长期观察框架,用于理解全球沉香市场在需求周期、稀缺性认知、文化价值及野生与人工培育沉香参与度变化下的整体演变。

Global Agarwood Index - 全球沉香指数, conceptualised in 2025, first published January 2026 on Agarwood.com by Jimmy Ho

Contact

Market Reference Correspondence
国际沉香价格参考事务

Contact Us 联系我们

For correspondence relating to the international agarwood price reference and market observation:

如就国际沉香价格参考与市场观察事宜进行交流:

Email: info@agarwood.com

To Top