Sandalwood Crisis 2024: How Perfume Brands Adapt to $15,000/kg Prices

Abstract: Analysis of 23 luxury brands’ reformulation strategies amid Santalum album shortages.

​Market Shock Factors​

• 2023 Indonesian yield: 82 metric tons (vs 280MT in 2000)
• Illegal logging accounts for 63% current supply
• CITES certification costs: $380/kg

​Reformulation Strategies​

*Blind test panel assessment vs Mysore sandalwood

​Black Market Monitoring​
Blockchain tracking identified:

• 12% of “Mysore” oils contain palm kernel substitutes
• Forensic markers: β-santalol <89% = adulterated