14 Nov 2024
Saturday 2 December 2017 - 15:48
Story Code : 285176

Long road ahead for Irans medicinal plants industry

Al-Monitor | : The world has seen great advances in medicine in recent centuries, leading to the discovery and manufactureof numerous types of drugs to cure diseases. Yetmany around the world still prefer to use plants and natural products to improve their health, mainly to avoid side effects caused by chemical drugs. As a result, the production of medicinal plants has emerged as a new industry, with their exports rising over the past several decades. According to the United Nations Food and Agriculture Organization (FAO), global sales of such herbal medicine products were estimated at $60 billion in 2002. Thefigure jumpedto $150 billion in 2013 and this trajectory is set to continue in coming decades.


In Iran, however, things are different. Exports of medicinal plantshave declinedin the past two decades, even though the country is home to8,000 plant species,of which more than 2,300 have medicinal properties. A whopping 1,728 of them are endemic to Iran.

The country was the worlds top exporter of medicinal plants in 1998. But this declined in the ensuing years, and was ranked fifthin 2003 and 32nd in 2014. Currently, Iranranks 60thamong exporters of medicinal herbs, which gives the country only a 3% share of global markets. Saffron and damask rose have the lions share ($500 million) of Irans annual medicinal plants exports ($600 million).Germany and the United Arab Emirates are currently themain export destinationsof Iranian medicinal herbs, followed by Japan, Pakistan, Afghanistan and China.

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