Maldives Sandalwood Oil Market (2025-2031) | Forecast, Companies, Analysis, Value, Share, Outlook, Segmentation, Trends, Size, Industry, Growth & Revenue

Market Forecast By Type (Natural Sandalwood Oil, Lab Created Sandalwood Oil), By Application (Personal Care, Pharmaceuticals, Aromatherapy, Others) And Competitive Landscape
Product Code: ETC5316339 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Maldives Sandalwood Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Maldives` sandalwood oil import market saw a shift in concentration levels from moderate to low in 2024, with top exporting countries being Thailand, India, China, Indonesia, and Turkey. The impressive compound annual growth rate (CAGR) of 24.16% from 2020 to 2024 indicates a strong demand for sandalwood oil in the Maldives. However, the negative growth rate of -18.94% in 2024 suggests a recent decline in import volumes. Monitoring trends in these key exporting countries will be crucial to understanding the dynamics shaping the Maldives sandalwood oil market.

Key Highlights of the Report:

  • Maldives Sandalwood Oil Market Outlook
  • Market Size of Maldives Sandalwood Oil Market, 2024
  • Forecast of Maldives Sandalwood Oil Market, 2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Revenues & Volume for the Period 2021-2031
  • Maldives Sandalwood Oil Market Trend Evolution
  • Maldives Sandalwood Oil Market Drivers and Challenges
  • Maldives Sandalwood Oil Price Trends
  • Maldives Sandalwood Oil Porter`s Five Forces
  • Maldives Sandalwood Oil Industry Life Cycle
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Natural Sandalwood Oil for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Lab Created Sandalwood Oil for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Personal Care for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Aromatherapy for the Period 2021-2031
  • Historical Data and Forecast of Maldives Sandalwood Oil Market Revenues & Volume By Others for the Period 2021-2031
  • Maldives Sandalwood Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Maldives Sandalwood Oil Top Companies Market Share
  • Maldives Sandalwood Oil Competitive Benchmarking By Technical and Operational Parameters
  • Maldives Sandalwood Oil Company Profiles
  • Maldives Sandalwood Oil Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Maldives Sandalwood Oil Market Overview

3.1 Maldives Country Macro Economic Indicators

3.2 Maldives Sandalwood Oil Market Revenues & Volume, 2021 & 2031F

3.3 Maldives Sandalwood Oil Market - Industry Life Cycle

3.4 Maldives Sandalwood Oil Market - Porter's Five Forces

3.5 Maldives Sandalwood Oil Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Maldives Sandalwood Oil Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Maldives Sandalwood Oil Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer awareness about the benefits of using natural and organic products in the beauty and wellness industry

4.2.2 Growing demand for aromatherapy products and essential oils in the global market

4.2.3 Rising popularity of sustainable and ethically sourced ingredients in the cosmetics and personal care sector

4.3 Market Restraints

4.3.1 Limited availability and high cost of sandalwood oil due to its slow growth rate and the need for sustainable harvesting practices

4.3.2 Strict regulatory requirements and certifications for sourcing and trading sandalwood oil, impacting market access and pricing

5 Maldives Sandalwood Oil Market Trends

6 Maldives Sandalwood Oil Market Segmentations

6.1 Maldives Sandalwood Oil Market, By Type

6.1.1 Overview and Analysis

6.1.2 Maldives Sandalwood Oil Market Revenues & Volume, By Natural Sandalwood Oil, 2021-2031F

6.1.3 Maldives Sandalwood Oil Market Revenues & Volume, By Lab Created Sandalwood Oil, 2021-2031F

6.2 Maldives Sandalwood Oil Market, By Application

6.2.1 Overview and Analysis

6.2.2 Maldives Sandalwood Oil Market Revenues & Volume, By Personal Care, 2021-2031F

6.2.3 Maldives Sandalwood Oil Market Revenues & Volume, By Pharmaceuticals, 2021-2031F

6.2.4 Maldives Sandalwood Oil Market Revenues & Volume, By Aromatherapy, 2021-2031F

6.2.5 Maldives Sandalwood Oil Market Revenues & Volume, By Others, 2021-2031F

7 Maldives Sandalwood Oil Market Import-Export Trade Statistics

7.1 Maldives Sandalwood Oil Market Export to Major Countries

7.2 Maldives Sandalwood Oil Market Imports from Major Countries

8 Maldives Sandalwood Oil Market Key Performance Indicators

8.1 Sustainability certification compliance rate of sandalwood oil producers

8.2 Percentage increase in the use of sandalwood oil in new product formulations by major beauty and wellness brands

8.3 Number of research studies and publications highlighting the therapeutic benefits of Maldives sandalwood oil

9 Maldives Sandalwood Oil Market - Opportunity Assessment

9.1 Maldives Sandalwood Oil Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Maldives Sandalwood Oil Market Opportunity Assessment, By Application, 2021 & 2031F

10 Maldives Sandalwood Oil Market - Competitive Landscape

10.1 Maldives Sandalwood Oil Market Revenue Share, By Companies, 2024

10.2 Maldives Sandalwood Oil Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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