Excerpt from Sandalwood resource Development, research And
trade in the pacific and Asian region Proceedings of the regional workshop, Port
vila, vanuatu
Sandalwood heartwood and oil have increased in price
throughout the entire trade history, and have escalatedin recent times
(Padmanabha, 2008). For example between 1990 and 2008 the price of Indian
sandalwood(Santalum album, the industry standard) heartwood showed a compound
increase of 21%, with the price ofIndian Sandalwood oil doubling in early 2005,
due to imbalances in supply and demand.
Current official supply of Indian Sandalwood is about 500
tonnes per year from the annual auction held inTamil Nadu, India in November of
each year. The current consumption of Indian Sandalwood is 3000 tonnesper year
based on amount of product released each year into the market. The demand for
sandalwood isexpected to remain high due to its broad range of high value uses,
including medicines and perfumery.
Sandalwood has been used for medicinal purposes throughout
India and Asia since 2000 BC. There aremany uses in personal hygiene, such as
chewable mouth fresheners that are popular in India and Pakistan.A fairly
recent use is in aromatherapy where sandalwood is believed to have calming
qualities.
Sandalwood oil has also been found to contain cancer
fighting qualities and a cream is in the final stages of developmentat John
Hopkins Institute in the USA. There is also interest in the use of sandalwood
in treatment of humanpapillomavirus but there might be other cheaper and more
effective products available such as virgin coconut oil.
Perfumes account for 10% of market for sandalwood product.
Since 1750, there have been 7,000 classifiedfragrances of which 3212 (or 46%)
contain sandalwood notes (Choueiri, 2008). Approximately 200 new perfumes or
fragrances containing sandalwood are released each year. There is also an
increasing use of synthetic substitutes, but the market would prefer authentic
sandalwood oil if there were: an assured and consistent supply, an affordable
price and it could be proven to be from legal and ethical sources. Tropical Forestry
Services, who have major sandalwood plantations in north-western Australia,
have pre-sold 40% of its first five years of sandalwood oil supply to Lush
(handmade cosmetics manufacturer) and Albert Vielle (a firm specialising in
supply of essential oils).
Contact Details:
EDS Farms Private Limited
W101, 2nd Avenue, Anna Nagar ,
Chennai-600040, Tamilnadu.
044 45058348 | 42612288,
7358598899,7358596677
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