In a recent report, the World Health Organization referred to the issue of the production of drugs using plants and wrote: “Plants play a significant role in the production of various drugs in the world, and in recent years investment in the production of herbal medicines The average growth rate of medicinal plant production in the world between 2010 and 2019 was equal to 5.8 percent per year, but this growth was higher in European markets than in other countries.
According to the World Health Organization, plants have an important role in strengthening the immune system and treating various diseases, so investing in the production of medicinal plants and developing the trade of herbs used to produce a variety of drugs is very important.
The largest exporters and importers of medicinal plants in the world
According to the report, in 2019, China was the largest exporter of medicinal plants in the world, and India, Germany, Singapore and Egypt were ranked second to fifth in this ranking. Chile, the United States, Morocco,
Mexico and Pakistan ranked sixth to tenth on the list, followed by France, Hong Kong and Thailand. China has a large share in the export of medicinal plants, so that in 2019, it accounted for 30% of the world exports of medicinal plants. China, India and Germany together accounted for 60% of the world market for medicinal plants.
Opposite are the largest importers, Hong Kong, Japan, Germany, the United States, South Korea and France, respectively. These countries have invested heavily in the production of herbal medicines and believe that using plants to treat diseases has more benefits than using chemical medicines. Studies by the World Trade Organization show that between 7 and 10 percent of the world trade value is spent on medicinal plants each year.
Medicinal plants market in Europe
The market for medicinal plants in European countries has also grown rapidly in recent years. The growth of this market in the world was such that the value of exports of medicinal plants increased from 50 billion Euros in 2002 to 202.8 billion Euros in 2019, which is equivalent to a growth of 287%. During this period, the value of imports of these plants to the Green Continent increased from 32.3 billion euros to about 93.5 billion euros in 2019. The same statistic clearly shows that the EU investment to become a major exporter of medicinal plants has been very successful over the years.
According to the World Bank, in 2050 the share of exchanges of medicinal plants and related products in the world will reach $ 5,000 billion.
Statistics from the World Health Organization show that more than 75% of people in developing countries meet their basic health needs by using herbs and natural substances, and in recent years the use of herbal and traditional medicines in industrialized and developed countries. It has increased significantly, so with the future of research and planning to take advantage of future economic and production opportunities and the growing market of medicinal plants, the development of medicinal plants processing industry should be given special attention.
“72% of Germans use herbal medicines and supplements in their diets,” said the value consultant of the National Medicinal Plants Plan of the Ministry of Jihad for Agriculture, referring to the market size of the major importers of medicinal plants and herbal products.
The retail value of medicinal plants and their products in the United States is at least $ 129 billion. Poland is also the largest market in Eastern Europe with $ 600 million.