India is known for its culture and Agarbatti or incense sticks plays a major role in it. Indians use agarbatti as a part of their custom, and others use them for fragrance or as incest repellent. Import export course online makes you learn the export of agarbatti and its profit. Agarbatti is easy to export and the Import export course in Ahmedabad Knows it best. In this blog we will understand the market of agarbatti or incense sticks and the profits made out of it. Despite being the tough competition India has managed to dominate the market with premium incense sticks. The agarbatti market is wide and getting bigger everyday due to its high demand all over the world.
India The Top Exporter-
The world agarbatti or incense sticks market is dominated by China, Vietnam and India. The low labour cost and easy availability of raw material is what makes India the attraction. India is now one of the largest producers and exporters of incense sticks.
The Indian incense sticks market is majorly run by South India Tamil Nadu, Karnataka, with popular Mysore scents and other renowned brands. The other contributors are Gujarat, Bihar, Maharashtra, and Madhya Pradesh. India is a top exporter of Incense sticks which has noticed a 30% increase in the export in the last five years.
India Agarbatti/ Incense Stick export-
India export agarbattis to over 175 countries and some major importing countries are:
- USA
- United Kingdom
- Nigeria
- UAE
- Australia
- Brazil
- Belgium
- Argentina
- Malaysia
To lead in the competition and to open new markets India produces agarbattis in different shapes, sizes, fragrances, prices and for different occasions. By the end of FY 20-21 agarbatti exports are expected to go up by 15% as per AIAMA (All India Agarbatti Manufacturers’ Association). The industry had been traditionally growing at a compound annual growth rate of 3.6% but is now witnessing double-digit growth. India’s agarbatti industry is pegged at Rs 8,500 crore of which exports accounts for Rs 1,000 crore. Due to COVID-29 supply chain disruption, demand for agarbatti did not fall.
The Unique fragrance and superior quality that India agarbatti market offer have helped the industry carve a niche for themselves globally. With an annual growth rate of around 3.6 per cent, the industry is the fragrance ambassador of our nation. The manufacturing cost of incense sticks is fairly low, as most of the raw materials are sourced locally. Agarbatti consumption increased about 40-50 per cent during the festive season not only in India but throughout the world. With the restrictions in imports a whole 15,000 metric tonnes of raw agarbatti is being made in India, which is creating numbers of jobs. The import of raw agarbatti has been totally stopped since 2019. Agarbatti export is always a profitable business as the making or manufacturing is not very costly and Indians use agarbatti everyday for daily prayers. During festivals the use of agarbatti gets doubled. Doesn’t matter if people live in India or abroad, agarbatti is a must for prayers and cultural activities. Digital Exim’s export import business training can help you in starting your business. Start your business today and earn in dollars. Do give us a visit!
