Wood is a natural material used in furniture, tools and decoration. It comes from trees and has been important for humans for centuries. Some woods are common and affordable, while others are rare and expensive due to their beauty, durability or unique features, making them valuable for luxury items and special projects. In this article, we will know about the top-10 most expensive woods in the world.
The value of wood depends on its features, usefulness, demand and availability. Some woods are expensive due to their beauty, strength or durability. Rare woods are costlier, especially if they are hard to find. Demand and scarcity also raise prices. Hardwoods, like oak, are usually pricier than softwoods because they grow slower and are more durable. Versatile woods like pine are affordable due to their easy availability. Deforestation has made woods rare and expensive.
African Blackwood, or Mpingo, is a highly prized wood known for its deep, rich color, fine grain and exceptional durability. Found in Central and Southern Africa, it is used in luxury furniture and musical instruments. Price around $10,000 per cubic meter, it is an endangered species that takes up to 60 years to mature, making it a rare gem in woodworking.
Some woods are extremely rare and valuable due to their beauty, strength and limited availability. In 2024, these are the top-10 most expensive woods prized worldwide for their unique qualities.
| Rank | Wood Name | Price |
| 1. | African Blackwood | $10,000 per cubic meter |
| 2. | Pink Ivory | $8,000 per cubic meter |
| 3. | Agarwood | Up to $100,000 per kilogram |
| 4. | Sandalwood | $25,000 per ton |
| 5. | Ebony | $10,000 per cubic meter |
| 6. | Lignum Vitae | Starting $5,000 per cubic meter |
| 7. | Brazilian Rosewood | Up to $17,000 per cubic meter |
| 8. | Purpleheart | Starting $1,200 per cubic meter |
| 9. | Snakewood | Exceeding $2,500 per cubic meter |
| 10. | Bubinga | $1,800 per cubic meter |
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