The term "Agarwood Chip Market" describes the international commerce and business activity surrounding agarwood chips, which are bits of resin-impregnated wood from Aquilaria or Gyrinops trees that are prized for their rich scent and usage in incense, perfumes, traditional medicine, and spiritual rituals.
The global agarwood chip market involves the trade of fragrant wood chips derived from Aquilaria trees, valued for use in incense, perfumes, and traditional medicine. Key driving factors include rising demand in religious and cultural rituals, growth in luxury fragrance markets, increasing awareness of natural products, and expanding exports from Asia