India – The Second Largest Ayurvedic Supplimets Exporter

by Mack Jackson CEO

“We are second only to china in the world in the exports of ayurvedic medicines. Of the total Rs.14000 crore pharmaceutical exports, India’s Ayush and ayurvedic mediciness contribute approximately Rs.1400 crore. We have a huge potential to grow and in the coming days if our exports grow at 20 per cent every year we can beat China by 2020,” said Dr P V Appaji, DG, Pharmexcil.For the first time ever, luminaries from across the world met in Delhi to discuss the strengthening and scientific validation of traditional systems of medicine.

According to the latest statistics and updates available from Pharmexcil, China is a global leader in the export of herbal medicines with $1329.72 million followed by India with an export figure of $ 790.56 million.

The four-day event — International Arogya 2017 — is hosting 1,500 delegates from across 60 countries. Following to China as an ayurvedic supplements exporter India is the world's second largest and both countries jointly produce more than 70 % of the overall global demand for ayurvedic medicines , a whitepaper launched at the event notes

From an export of Rs.591.43 crore in 2008-09 to Rs.701.44 crore in 2009-10 India’s Ayush exports have seen a whopping increase of Rs.110.01 crore during in a period of just one year. While in the subsequent year 2010-11 this phenomena of increase has not been maintained. According to the export statistics the figure for Ayurvedic products for the year 2010-11 accounts to Rs.711.12 crore which is at an increase of Rs.9.68 crore in comparison with the previous year.

“After looking at the previous export performance reports, the 10th five year plan had recorded an admirable growth of Ayurveda, Unani, Siddha and Homoeopathy (Ayush) medicines, medicinal plants and their by-products”, he said. A summary status report of the Ayurvedic medicine industry in India describes its developments till the year 2008, has pointed out that the exports of herbal products in five years that is from 2003-04 has recorded a steady growth and a marginal decline in imports.

If one looks in terms of net value addition, the Ayush and ayurvedic medicines sector had shown a growth of 10.89 per cent during 13 years' period between 1995-96 and 2007-08.

The ayurvedic medicines exports too have seen a considerable increase of Rs.36.76 crore from Rs.570.76 crore in the year 2009-10 to Rs.602.57 crore in the year 2010-11.
The major ayurvedic medicines exports of India include Psyllium seeds Senna leaves and pads, and various other herbs and ayurvedic medicines. Among all Psyllium husk (isobgul husk) contribute a major chunk of ayurvedic medicines exports which accounts to Rs.425.05 crore.

The major countries where Indian ayurvedic mediciness are exported include Russia, USA, Kazakhstan, UAE, Nepal, Ukraine, Japan, Philippines, Kenya and Mauritania. Russia is a world leader in the list with sustantial import value of Rs.138.94 crore of ayurvedic mediciness from India. America (USA) stands as second largest importer accounting to Rs.103.14 crore and Kazakhstan stands 3rd with a contribution of Rs.55.24 crore towards India’s ayurvedic mediciness for the year 2010-11.