FOREZA · Industry News · Market Outlook · 2026 H1 Update
By FOREZA Editorial · 2026-06-04 · 6 min read · Industry News
Agarwood prices in 2026 are higher than they have been in a decade, with Sinking-grade Kyara leading the way. This short market update gives you the current price ranges by grade, explains the structural drivers behind the rise, and offers a practical takeaway for collectors and B2B buyers.
TL;DR
- Retail chips/slices/granules: ~$1.50–3.00 per gram (entry to mid-grade).
- Semi-Sinking Kyara: ~$5–20 per gram.
- Sinking-grade Kyara: ~$30–100+ per gram, with collector pieces at $200–500+ per gram.
- Driven by constrained supply, rising Gulf demand, and increasing collector interest in provenance.
2026 Price Ranges (Indicative, USD per gram)
The table below reflects the price ranges we are observing across our own retail and B2B channels in H1 2026. The market is volatile; specific transactions can fall outside these bands depending on grade, lot size, and seller. For a current written quote on a specific lot, contact zhangxiaobao217@gmail.com.
| Grade | Form | Price Range (USD/g) | Notes |
|---|---|---|---|
| Chips / Slices / Granules | Loose | $1.50–3.00 | Entry to mid-grade. Suitable for incense, heaters, and entry collectors. |
| Premium Semi-Sinking Kyara | Loose or bracelet | $5–20 | Beats for bracelets typically run $200–800 per piece depending on size and density. |
| Sinking-grade Kyara | Loose chips / slices | $30–100 | Top-grade. Single-lot auction pieces can reach $200+ per gram. |
| Sinking-grade Kyara | Hand-picked collector blocks | $200–500+ | Best-in-class pieces; provenance and visual character drive significant premiums. |
| Sinking-grade Kyara | Hand-picked collector beads | $500+ per bead | Top 1% of beads, with exceptional resin distribution and color. |
Why Prices Are Rising
Three structural drivers are pushing prices up across all grades.
Driver 1: Constrained Supply
The CITES Appendix II listing in 2005 reduced the supply of legally traded wild agarwood to near zero. Cultivated supply has grown significantly over the past 20 years, but cultivation is slow (7–10 years to inoculation, plus 3–5 years of resin formation) and geographically concentrated. Even with new plantations in Vietnam, Cambodia, and Indonesia, the supply of true Sinking-grade Kyara is constrained.
Driver 2: Rising Gulf Demand
Saudi Arabia, the UAE, Kuwait, and Qatar are the largest retail markets for agarwood, and demand has been steadily growing for two decades. Gulf collectors pay premium prices for documented single-origin Kyara, especially for use in Bakhoor, Oud perfume distillation, and high-end gifts. The Chinese domestic market is also growing rapidly as middle-class collectors enter the category.
Driver 3: Provenance Premium
Buyers — both retail and B2B — are increasingly willing to pay a premium for documented single-origin agarwood. A piece with a clear Certificate of Authenticity from a named town is worth 20–40% more than an undated piece of the same grade. This shift is driving the move toward direct-from-factory sourcing and away from anonymous trading-company supply chains.
Note
A new generation of Gulf and Asian collectors is treating high-grade Kyara as a long-term store of value, similar to fine wine or vintage watches. Properly stored, well-graded Sinking-grade Kyara has historically appreciated in price over decades. See Why Kynam Outperforms Gold: An Investor's Perspective for the longer argument.
What This Means for Buyers
For retail buyers, the practical takeaway is: buy the grade you can verify, from a seller who will sign a certificate. Pay for the certificate as much as the wood. The certificate is what makes the piece a long-term store of value rather than a one-time purchase.
For B2B buyers, the takeaway is similar but with one additional consideration: secure supply now. Cultivation is growing but the absolute volume of true Sinking-grade is unlikely to expand significantly in the next 5 years. B2B buyers who lock in long-term relationships with workshops now will have a structural advantage as the market tightens. See /pages/wholesale-b2b for how to start a partnership.
What This Means for Collectors
For collectors, the price chart tells a simple story: Sinking-grade Kyara is no longer "just" a fragrance purchase; it is an asset class. If you are building a collection, focus on three things: (1) documented single-origin (Guanzhu is the strongest provenance), (2) hand-signed certificate per piece, and (3) proper storage to preserve both aroma and resale value.
For the cultural and historical context that drives the collector market, see The History of Kyara: From Ancient Emperors to Modern Collectors.
Single-Origin
Guanzhu Town, Dianbai District, Maoming City, Guangdong, China — the historical "Capital of Chinese Agarwood." Every FOREZA piece is traceable to this origin.
Not Vietnam. Not Indonesia. Not Hainan. 100% authentic Guanzhu agarwood.
See Current B2B Pricing
B2B buyers: factory-direct pricing on Sinking-grade Kyara and entry-grade chips. From 5 kg MOQ, with CITES export documentation.
Request a Quote →Continue Exploring
- 20 Common Agarwood Varieties: Aroma, Origin & Use
- What is Kynam Agarwood? The Ultimate Guide
- Our Story — Rooted in the Capital of Agarwood
- Certificate of Authenticity
- Wholesale & B2B Partnerships
FOREZA Editorial
Direct from Guanzhu, the Capital of Chinese Agarwood. We share the heritage, craft, and truth behind authentic Kyara. Reach us at zhangxiaobao217@gmail.com.