The Agar Wood Industry: Yet to Utilize in Bangladesh

Abdin, J. (2014) The Agar Wood Industry: Yet to Utilize in Bangladesh. International Journal of Economics & Management Sciences, Vol. 3, Issue. 1, doi: 10.4172/2162-6359.1000163

4 Pages Posted: 29 Apr 2014 Last revised: 13 Oct 2014

Date Written: March 4, 2014

Abstract

Agar wood is one of the most expensive non-timber wood products of the world. It has a series of names around the Asia and Pacific region. Bangladesh is producing three major products namely Agar-wood, Agar-oil and Agar dust/powder in Agar wood sector. It has multidimensional uses in perfume, cosmetics and medicine sector. Agar wood has traditional, religious moreover cultural uses in different parts of the world. Major Agar wood producing countries are India, Malaysia, Indonesia, Vietnam, Cambodia, Laos, Brunei, Singapore and Bangladesh. Major market/consumers of Agar wood are the Middle East (UAE, KSA and other Arabian countries) and North East Asian countries (Taiwan, Japan and Korean Republic). It has a long history in Moulvi Bazar and nearby districts of Bangladesh too. A very few constraints are creating hurdles toward flourishing this sector in Bangladesh. In this study we would be very much concentrated to identify development barriers of Agar wood sector in Bangladesh and generate few recommendations in this regard. Proper regulatory support from the government could play a very vital role to make it one of the major foreign currency earning sectors for Bangladesh.

Keywords: Keywords: Agar-wood; Agar-oil; Perfume; Medicine; Culture; Middle East; North East Asian Countries; Premium Sector

Suggested Citation

Abdin, Md. Joynal, The Agar Wood Industry: Yet to Utilize in Bangladesh (March 4, 2014). Abdin, J. (2014) The Agar Wood Industry: Yet to Utilize in Bangladesh. International Journal of Economics & Management Sciences, Vol. 3, Issue. 1, doi: 10.4172/2162-6359.1000163. Available at SSRN: https://ssrn.com/abstract=2430055 or http://dx.doi.org/10.2139/ssrn.2430055

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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