2003
DOI: 10.1046/j.1467-9663.2003.00283.x
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Niche Markets, Regional Diversification and the Reinvention of Western Australia's Sandalwood Industry

Abstract: Diversification and niche marketing have become very important economic strategies for many rural small businesses, farmers and communities. As part of these strategies, new opportunities often emerge for traditional products and industries. In the case of Western Australia, this has contributed to the revitalisation of the sandalwood industry. While sandalwood has been exported from Western Australia for more than 150 years, for much of the second half of the twentieth century it was of little economic signif… Show more

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Cited by 18 publications
(22 citation statements)
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“…One consequence of these shifts has been a greater interest in new agricultural niche markets (Tonts and Selwood 2003). However, one of the risks involved in niche markets is that they can quickly suffer the problem of oversupply as a result of increasing competition within markets both locally and internationally (Gasson 1988).…”
Section: Introductionmentioning
confidence: 99%
“…One consequence of these shifts has been a greater interest in new agricultural niche markets (Tonts and Selwood 2003). However, one of the risks involved in niche markets is that they can quickly suffer the problem of oversupply as a result of increasing competition within markets both locally and internationally (Gasson 1988).…”
Section: Introductionmentioning
confidence: 99%
“…The first purpose-built Eucalyptus oil distillation plant was built outside Melbourne in 1854, the Eucalyptus Mallee Company had been formed by 1880, and Australia was the largest world supplier of Eucalyptus oil until the 1970s. As another example, 1,356 tonnes of the Australian species of sandalwood (Santalum spicatum) were exported from Western Australia in 1848, accounting for 45% of the colony's export revenue (Tonts and Selwood 2003).…”
Section: Historical and Industry Context Of Bush Productsmentioning
confidence: 99%
“…S. spicatum is principally sourced from licensed harvest in remote regions of Western Australia where some Aboriginal people are engaged as harvesters. However the industry is shifting from arid zone bush harvest to cultivation in agricultural regions (Tonts and Selwood 2003), much of it using Indian sandalwood (Santalum album) (Clarke 2006).…”
Section: Medium Sized Export-oriented Australian Industriesmentioning
confidence: 99%
“…The importance of niche commodities - Tonts & Selwood, 2003 Diversification and niche marketing have become very important economic strategies for many rural small businesses, farmers and communities. As part of these strategies, new opportunities often emerge for traditional products and industries.…”
Section: Under-utilised African Plant Species Waiting To Be Domesticatedmentioning
confidence: 99%