| Product Code: ETC4716224 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Hong Kong continued to see significant import shipments of agarwood essential oil, with top exporters being the USA, China, Metropolitan France, Singapore, and Australia. Despite a high concentration of the Herfindahl-Hirschman Index (HHI), indicating a concentrated market, the industry experienced a steep decline in compound annual growth rate (CAGR) from 2020 to 2024 at -15.95%. This downward trend persisted in 2024, with a sharp growth rate decline of -45.36% compared to the previous year. The market for agarwood essential oil imports in Hong Kong is facing challenging dynamics that require careful monitoring and strategic decision-making.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Agarwood Essential Oil Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Agarwood Essential Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Agarwood Essential Oil Market - Industry Life Cycle |
3.4 Hong Kong Agarwood Essential Oil Market - Porter's Five Forces |
3.5 Hong Kong Agarwood Essential Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Hong Kong Agarwood Essential Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Hong Kong Agarwood Essential Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about natural and organic products |
4.2.2 Growing popularity of aromatherapy and natural healing practices |
4.2.3 Rising demand for luxury fragrances and personal care products |
4.3 Market Restraints |
4.3.1 Limited availability and high cost of agarwood, impacting production and pricing |
4.3.2 Stringent regulations on agarwood harvesting and trade |
4.3.3 Competition from synthetic fragrances and alternative essential oils |
5 Hong Kong Agarwood Essential Oil Market Trends |
6 Hong Kong Agarwood Essential Oil Market Segmentations |
6.1 Hong Kong Agarwood Essential Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Agarwood Essential Oil Market Revenues & Volume, By Conventional, 2021-2031F |
6.1.3 Hong Kong Agarwood Essential Oil Market Revenues & Volume, By Organic, 2021-2031F |
6.2 Hong Kong Agarwood Essential Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Agarwood Essential Oil Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.3 Hong Kong Agarwood Essential Oil Market Revenues & Volume, By Aromatherapy, 2021-2031F |
6.2.4 Hong Kong Agarwood Essential Oil Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Hong Kong Agarwood Essential Oil Market Revenues & Volume, By Air Care, 2021-2031F |
7 Hong Kong Agarwood Essential Oil Market Import-Export Trade Statistics |
7.1 Hong Kong Agarwood Essential Oil Market Export to Major Countries |
7.2 Hong Kong Agarwood Essential Oil Market Imports from Major Countries |
8 Hong Kong Agarwood Essential Oil Market Key Performance Indicators |
8.1 Sustainability practices in agarwood sourcing and production |
8.2 Consumer demand for organic and sustainable products |
8.3 Market trends in luxury fragrance and personal care industry |
9 Hong Kong Agarwood Essential Oil Market - Opportunity Assessment |
9.1 Hong Kong Agarwood Essential Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Hong Kong Agarwood Essential Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Hong Kong Agarwood Essential Oil Market - Competitive Landscape |
10.1 Hong Kong Agarwood Essential Oil Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Agarwood Essential Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |