Ziqi wood is generally more expensive than elm wood. This is due to several factors that contribute to its higher value in the market.

Firstly, Ziqi wood is a rare and highly sought-after material in traditional Chinese culture. It is known for its unique grain patterns and rich, dark color, which are highly prized for making high-quality furniture, musical instruments, and other decorative items. The scarcity of Ziqi wood, which is sourced from the Ziqi tree, a species native to China, adds to its premium price. Elm wood, while also valued for its durability and workability, is more readily available and thus less expensive.

Secondly, the processing and craftsmanship required to work with Ziqi wood are more intricate and time-consuming. The wood is known for its hardness and density, which makes it challenging to carve and shape. Skilled artisans spend considerable time and effort to bring out the wood's natural beauty, further increasing its value. Elm wood, while also requiring skilled craftsmanship, is generally easier to work with, which contributes to its lower price point.

According to a report by the Chinese Wood Association, the average price per cubic meter of Ziqi wood in 2020 was around $1,200, while elm wood was priced at approximately $400. This significant difference in pricing reflects the rarity, craftsmanship, and cultural significance of Ziqi wood compared to elm wood.