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A whole range of qualities and products are on the market, varying in quality with geographical location, botanical species, the age of the specific tree, cultural deposition and the section of the tree where the piece of agarwood stems from. Oud oil is distilled from agarwood, and fetches high prices depending on the oil's purity. The current global market for agarwood is estimated to be in the range of US$6 â 8 billion and is growing rapidly.
People are asking for oud, and they're given a fragrance named oud, but it's yet another illusion. It has nothing to do with real oud, much as 'oriental' fragrances had nothing to do with the real Orient.. In Dubai, the Oud capital of the world, the raw material is bought and sold on a large scale.Nowhere is this more apparent than at Ajmal Perfumes, the most famous dealer in the Middle East. The Ajmal store, inside the souk in the Dubai Mall, is considered a reference point for connoisseurs.n aquilaria the defensive resin in the heartwood is where oud comes from, and experts prize above all the very old trees, claiming that the resin has an unparalleled complexity and richness of aroma. But such trees are becoming scarce.