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International Journal of Economics & Management Sciences

The Agar Wood Industry: Yet to Utilize in Bangladesh

Md Joynal Abdin*
Program Officer (Research & SME Journal) at the SME Foundation, Bangladesh
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 :
Agar-wood; Agar-oil; Perfume; Medicine; Culture; Middle East; North East Asian Countries; Premium Sector

Date Deposited : 16 May 2016 21:01

Last Modified : 16 May 2016 21:01

Official URL: http://www.omicsonline.com/

Volume 3, Number 1, August 2014 , ISSN 2162-6359

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