India to Madagascar: Artesunate Export Trade Route
India has recorded 45 verified shipments of Artesunate exported to Madagascar, representing a combined trade value of $39.7M USD. This corridor is served by 9 active Indian exporters, with an average shipment value of $882.3K USD. The leading Indian exporter is IPCA LABORATORIES LIMITED, which accounts for 99% of total export value with 20 shipments worth $39.3M USD. On the buying side, GLOBAL FUND / PSI MADAGASCAR is the largest importer in Madagascar with $38.1M USD in purchases. The top 3 suppliers — IPCA LABORATORIES LIMITED, IPCA LABORATORIES LIMITED , NUCARE LABS LLP — together control 100% of total trade value on this route. All data sourced from Indian Customs (DGFT) shipping bill records. Values reported in FOB USD.
Route Intelligence Overview
The India to Madagascar Artesunate corridor is one of India's established pharmaceutical export routes, with 45 shipments documented worth a combined $39.7M USD. The route is dominated by IPCA LABORATORIES LIMITED, which alone accounts for roughly 99% of all export value, reflecting the consolidated nature of India's artesunate manufacturing sector.
Across 9 active suppliers, the average shipment value stands at $882.3K USD — a figure that reflects both bulk commercial orders from large pharmaceutical companies and smaller specialty shipments. Sea freight dominates at 75% of all shipments, consistent with artesunate's non-urgent bulk-order profile.
Shipment activity peaks during October–December, with an average transit time of 29 days port-to-port. The route has recorded an annual growth rate of 27.7%, placing it at rank #20 among India's top artesunate export destinations globally.
On the import side, key buyers of Indian artesunate in Madagascar include GLOBAL FUND / PSI MADAGASCAR, GLOBAL FUND, USAID and 12 others. GLOBAL FUND / PSI MADAGASCAR is the single largest importer with 3 shipments valued at $38.1M USD.
Route Characteristics
- Average transit29 days
- Peak seasonQ4
- Primary modeSea freight
- Top portJNPT/ NHAVA SHEVA SEA
Market Position
- Global rank#20
- Annual growth+27.7%
- Demand growth+23.2%
- Regulatory ease77/100
Top 10 Indian Artesunate Exporters to Madagascar
Showing top 10 of 9 Indian suppliers exporting Artesunate to Madagascar, ranked by total trade value (USD)
| Rank | Supplier (Indian Exporter) | Shipments | Total Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | IPCA LABORATORIES LIMITED Avg $2.0M per shipment | 20 | $39.3M | 99.0% |
| 2 | IPCA LABORATORIES LIMITED Avg $275.0K per shipment | 1 | $275.0K | 0.7% |
| 3 | NUCARE LABS LLP Avg $5.5K per shipment | 6 | $32.8K | 0.1% |
| 4 | BHARAT PARENTERALS LIMITED Avg $5.2K per shipment | 6 | $31.1K | 0.1% |
| 5 | GENNICHEM HEALTHCARE PRIVATE LIMITED Avg $4.6K per shipment | 5 | $23.0K | 0.1% |
| 6 | STRIDES PHARMA SCIENCE LIMITED Avg $4.3K per shipment | 3 | $12.8K | 0.0% |
| 7 | KEITA PHARMA PRIVATE LIMITED Avg $12.3K per shipment | 1 | $12.3K | 0.0% |
| 8 | STRIDES PHARMA SCIENCE LIMITED Avg $2.8K per shipment | 2 | $5.6K | 0.0% |
| 9 | CIPLA LIMITED Avg $2.1K per shipment | 1 | $2.1K | 0.0% |
This table shows the top 10 of 9 Indian companies exporting artesunate to Madagascar, ranked by total trade value. The listed exporters are: IPCA LABORATORIES LIMITED, IPCA LABORATORIES LIMITED , NUCARE LABS LLP, BHARAT PARENTERALS LIMITED, GENNICHEM HEALTHCARE PRIVATE LIMITED, STRIDES PHARMA SCIENCE LIMITED, KEITA PHARMA PRIVATE LIMITED, STRIDES PHARMA SCIENCE LIMITED , CIPLA LIMITED. IPCA LABORATORIES LIMITED is the dominant supplier with 20 shipments worth $39.3M USD, giving it a 99% market share. The top 3 suppliers together account for 100% of the total trade value on this route.
Top 10 Artesunate Importers in Madagascar
Showing top 10 of 15 known buyers in Madagascar receiving Artesunate shipments from India, ranked by import value
On the receiving end of this trade route, the leading importers of Indian artesunate in Madagascar include GLOBAL FUND / PSI MADAGASCAR, GLOBAL FUND, USAID, USAID Madagascar , CENTRALES D ACHATS DE MEDICAMENTS, among 15 total buyers. The largest importer is GLOBAL FUND / PSI MADAGASCAR, accounting for $38.1M USD across 3 shipments — representing 96% of all artesunate imports from India on this route.
| Rank | Importer / Buyer | Shipments | Import Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | GLOBAL FUND / PSI MADAGASCAR | 3 | $38.1M | 95.9% |
| 2 | GLOBAL FUND | 8 | $658.1K | 1.7% |
| 3 | USAID | 9 | $581.1K | 1.5% |
| 4 | USAID Madagascar | 1 | $275.0K | 0.7% |
| 5 | CENTRALES D ACHATS DE MEDICAMENTS | 6 | $31.1K | 0.1% |
| 6 | TO | 4 | $27.4K | 0.1% |
| 7 | MSNAJMI PHARMA LOT III | 2 | $14.0K | 0.0% |
| 8 | USAID MADAGASCAR | 2 | $12.5K | 0.0% |
| 9 | SALAMA (CENTRALE D ACHATS DE MEDICA | 1 | $12.3K | 0.0% |
| 10 | MS NAJMI PHARMA | 3 | $9.0K | 0.0% |
Showing top 10 of 15 Artesunate importers in Madagascar on this route.
Top 10 Artesunate Formulations Imported by Madagascar
Showing top 10 of 32 product formulations shipped on the India to Madagascar Artesunate route, ranked by trade value
Madagascar imports a wide range of artesunate formulations from India, spanning tablets, capsules, suspensions, and combination drugs. The top formulation — ARTESUNATE-AMODIAQUINE 100MG/270MG(1 X 6TABLETS)(ADULT)P.O.NO:14248-0-600(19068X25X6'S PACK=2860200 TABLETS) — accounts for $28.7M USD across 1 shipments. There are 32 distinct product descriptions in the dataset, reflecting the variety of dosage forms and strengths imported.
| Rank | Product Formulation | Shipments | Trade Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | ARTESUNATE-AMODIAQUINE 100MG/270MG(1 X 6TABLETS)(ADULT)P.O.NO:14248-0-600(19068X25X6'S PACK=2860200 TABLETS) | 1 | $28.7M | 72.2% |
| 2 | ARTESUNATE-AMODIAQUINE 50MG/135MG(1 X 3TABLETS(TODDLER P.O.NO:14248-0-600(34955X25X3'S PACK=2621625 TABLETS) | 1 | $9.2M | 23.3% |
| 3 | HARMLESS MEDICINES:Artesunate(w/1 Amp NaHCO3 5%+1 Amp NaCl 0.9%)60mg Injection Vial 1 Set-Larinate-60(220000X1X5ml=22000 | 1 | $275.0K | 0.7% |
| 4 | HARMLESS MEDICINES-Artesunate/Amodiaquin | 3 | $273.8K | 0.7% |
| 5 | ARTESUNATE/AMODIAQUINE 100MG/270MG TABLETS 25 X 6 BLISTER PACK TABLETS(17880X25X6'S PACK=2682000 TABLETS)NOS | 3 | $214.7K | 0.5% |
| 6 | Artesunate-Amodiaquine 100mg/270mg1 x 6TabletsAdult P.O.NO:14248-0-60017862x25x6'sPack=2679300 Tablets | 1 | $179.1K | 0.5% |
| 7 | HARMLESS MEDICINES:ARTESUNATE-AMODIAQUINE 25MG/67.5MG(1X3 TABLETS)(INFANT)P.O.NO:14248-0-600(879X25X3'S PACK=65925 TABLE | 1 | $154.9K | 0.4% |
| 8 | Artesunate-Amodiaquine 100mg/270mg 1 x3 Tablets ChildP.O.NO: 14248-0-60023099x25x3's Pack=1732425 Tablets | 1 | $128.4K | 0.3% |
| 9 | Artesunate-Amodiaquine 100mg/270mg1 x 6TabletsAdultP.O.NO:14248-0-60012362x25x6's Pack=1854300 Tablets | 1 | $123.2K | 0.3% |
| 10 | HARMLESS MEDICINES:ARTESUNATE/AMODIAQUINE 100MG/270MG TABLETS 25 X 3 BLISTER PACK TABLETS(14265X25X3'S PACK=1069875 TABLNOS | 3 | $92.7K | 0.2% |
Showing top 10 of 32 Artesunate formulations imported by Madagascar on this route.
Shipping & Logistics Analysis
Freight mode split and port-of-origin breakdown
Freight Mode Distribution
Sea freight dominates at 75%, typical for bulk pharmaceutical shipments.
Top Ports of Origin
JNPT/ NHAVA SHEVA SEA handles the highest volume with 11 shipments. Transit time averages 29 days by sea.
Market Dynamics
India's artesunate exports to Madagascar are driven primarily by a handful of large-scale manufacturers. IPCA LABORATORIES LIMITED with 20 shipments leads the pack, a pattern common in generic pharmaceutical corridors where manufacturing scale creates significant cost advantages. The presence of 9 active exporters signals a competitive but concentrated market — buyers in Madagascar benefit from supplier diversity while the top tier handles the majority of volume.
The top 3 suppliers — IPCA LABORATORIES LIMITED, IPCA LABORATORIES LIMITED , NUCARE LABS LLP — together account for 100% of total trade value on this route. The average shipment value of $882.3K USD reflects primarily bulk commercial orders from large pharmaceutical distributors.
Beyond the primary product category, shipments on this route include closely related formulations such as artesunate-amodiaquine 50mg/135mg(1 x 3tablets(toddler p.o.no:14248-0-600(34955x25x3's pack=2621625 tablets) and harmless medicines:artesunate(w/1 amp nahco3 5%+1 amp nacl 0.9%)60mg injection vial 1 set-larinate-60(220000x1x5ml=22000, suggesting that buyers in Madagascar tend to consolidate orders across related product lines from the same Indian supplier.
On the buying side, GLOBAL FUND / PSI MADAGASCAR is the largest importer with 3 shipments worth $38.1M USD — representing 96% of all artesunate imports from India on this route. A total of 15 buyers are active on this corridor.
Route Statistics
- Trade Volume
- $39.7M
- Avg. Shipment
- $882.3K
- Suppliers
- 9
- Buyers
- 15
- Transit (Sea)
- ~29 days
- Annual Growth
- +27.7%
Related Analysis
Other Artesunate Routes
Unlock the Full India to Madagascar Artesunate Dataset
TransData Nexus provides verified shipment-level records, supplier contact details, HS code breakdowns, real-time pricing benchmarks, and regulatory compliance guides for 45 shipments on this route.
Frequently Asked Questions — India to Madagascar Artesunate Trade
Answers based on Indian Customs (DGFT) shipment records compiled by TransData Nexus
Q Which Indian companies export Artesunate to Madagascar?
The leading Indian exporters of Artesunate to Madagascar are IPCA LABORATORIES LIMITED, IPCA LABORATORIES LIMITED , NUCARE LABS LLP. IPCA LABORATORIES LIMITED holds the largest market share at approximately 99% of total trade value on this route.
Q What is the total value of Artesunate exports from India to Madagascar?
India exports Artesunate to Madagascar worth approximately $39.7M USD across 45 recorded shipments. The average value per shipment is $882.3K USD.
Q Which ports does India use to ship Artesunate to Madagascar?
The most active port of origin is JNPT/ NHAVA SHEVA SEA with 11 shipments. Indian exporters primarily use sea freight for this route, with 75% of shipments going by sea and 22% by air.
Q How long does shipping take from India to Madagascar for Artesunate?
The average transit time for Artesunate shipments from India to Madagascar is approximately 29 days. Sea freight typically takes longer, while air freight can reduce this significantly for urgent orders. Peak shipping activity is observed during October–December.
Q Is the India to Madagascar Artesunate trade route growing?
Yes — this trade corridor has seen an annual growth rate of approximately 27.7% with demand growth tracking at 23.2%. The route is ranked #20 among India's top Artesunate export destinations globally.
Q How many suppliers are active on the India to Madagascar Artesunate route?
There are currently 9 active Indian suppliers exporting Artesunate to Madagascar. The market is moderately concentrated with IPCA LABORATORIES LIMITED accounting for 99% of total shipment value.
Q Who are the main importers of Artesunate from India in Madagascar?
The leading importers of Indian Artesunate in Madagascar include GLOBAL FUND / PSI MADAGASCAR, GLOBAL FUND, USAID, USAID Madagascar , CENTRALES D ACHATS DE MEDICAMENTS. GLOBAL FUND / PSI MADAGASCAR is the largest buyer with 3 shipments worth $38.1M USD.
Official References & Regulatory Resources
- India Trade Statistics (DGFT)
- Invest India — Pharma Sector
- WCO HS Nomenclature
- Ministry of Commerce — Pharma Exports
- Pharmexcil
Data sourced from Indian Customs (DGFT) records. Verify regulatory and trade status with the agencies above.
Research Methodology & Data Transparency
Suresh Sormare
Verified AuthorPharmaceutical Export-Import Analyst & Trade Intelligence Expert
Suresh Sormare is a pharmaceutical export-import analyst with deep expertise in Indian Customs (DGFT) data, HS code classification, and global pharmaceutical supply chains. His analysis covers 10M+ shipment records across 150+ countries and is used by manufacturers, procurement agencies, and trade consultants worldwide. Suresh specializes in identifying verified suppliers and buyers from customs records, mapping bilateral pharmaceutical trade corridors, analyzing tariff structures and regulatory frameworks across 170+ destination markets, and benchmarking competitive positioning for finished pharmaceutical formulations. His methodology combines granular customs transaction data with regulatory intelligence from FDA, EMA, WHO, CDSCO, and 40+ national drug authorities to deliver actionable trade insights for the pharmaceutical formulations sector.
linkedin.com/in/sureshsormarePrimary Data Source
All trade data is sourced from Indian Customs (DGFT) official shipping bill records — the authoritative government database for India's pharmaceutical trade. Each verified record contains exporter name, consignee (buyer) name, detailed product description, quantity, declared FOB value (USD), port of loading, destination country, and shipment date.
Analysis Methodology
- 1.Route Identification: India to Madagascar export trade corridor identified from Indian Customs (DGFT) records for Artesunate.
- 2.Supplier/Buyer Matching: 9 Indian exporters and 15 importers in Madagascar matched using name normalization.
- 3.Value Aggregation: Total export value aggregated from 45 verified shipping bill records. Values are FOB in USD.
- 4.Market Share Analysis: Each supplier and buyer contribution calculated as a percentage of total route value. Statistical normalization applied to ensure accurate representation across varying shipment sizes.
Government-Sourced Data
Official DGFT customs records
Transparent Methodology
Calculations fully disclosed above
45 Verified Shipments
9 Indian exporters tracked
Expert-Reviewed
By pharmaceutical trade specialists