0
5
10
15
20
Quantity (in thousands KGS)
Year
Export of Sandalwood oil (Quantity)
0
200
400
600
800
1000
1200
Value (in Rs. Lakhs)
Export of Sandalwood oil (Value)
The price of Indian sandalwood and its oil has risen significantly in the past
decade. 90 % of World’s S. album production is in India. The gap between sandalwood oil supply and demand has widened over time (Soundararajan et al. 2015).
6 Variations of Sandalwood Oil Contents
The values of the oils are ranked in the world market of sandalwood. S. album tops
the list as rest of the species produce low or no value in the oils or the other oil
producing sandalwood species such as Santalum haleakalae have become very rare.
The most important concern among the sandalwood growers is about quantity
and quality of oil that can be obtained from a harvested tree when compared to the
oil obtained from wild sources of Indian origin. The valuable fragrant oil of the
sandalwood tree is concentrated in its heartwood (Jain et al. 2003). The market
value of a given volume of heartwood will depend primarily on the concentration
and quality of its oil that is, the quality of sandalwood in the marketplace is
typically determined by the relative proportions of α- and β-santalol as recognized
in the international standard for Indian sandalwood (S. album) oil (ISO 3518:2002).
Analysis of Policies in Sustaining Sandalwood Resources in India
333
5
10
15
20
Quantity (in thousands KGS)
Year
Export of Sandalwood oil (Quantity)
0
200
400
600
800
1000
1200
Value (in Rs. Lakhs)
Export of Sandalwood oil (Value)
The price of Indian sandalwood and its oil has risen significantly in the past
decade. 90 % of World’s S. album production is in India. The gap between sandalwood oil supply and demand has widened over time (Soundararajan et al. 2015).
6 Variations of Sandalwood Oil Contents
The values of the oils are ranked in the world market of sandalwood. S. album tops
the list as rest of the species produce low or no value in the oils or the other oil
producing sandalwood species such as Santalum haleakalae have become very rare.
The most important concern among the sandalwood growers is about quantity
and quality of oil that can be obtained from a harvested tree when compared to the
oil obtained from wild sources of Indian origin. The valuable fragrant oil of the
sandalwood tree is concentrated in its heartwood (Jain et al. 2003). The market
value of a given volume of heartwood will depend primarily on the concentration
and quality of its oil that is, the quality of sandalwood in the marketplace is
typically determined by the relative proportions of α- and β-santalol as recognized
in the international standard for Indian sandalwood (S. album) oil (ISO 3518:2002).
Analysis of Policies in Sustaining Sandalwood Resources in India
333