India to Madagascar: Ivermectin Export Trade Route

The India to Madagascar Ivermectin corridor is one of India's established pharmaceutical export routes, with 60 shipments documented worth a combined $905.8K USD. The route is dominated by ANTILA LIFESCIENCES PRIVATE LIMITED, which alone accounts for roughly 56% of all export value, reflecting the consolidated nature of India's ivermectin manufacturing sector.

Across 9 active suppliers, the average shipment value stands at $15.1K USD — a figure that reflects both bulk commercial orders from large pharmaceutical companies and smaller specialty shipments. Sea freight dominates at 80% of all shipments, consistent with ivermectin's non-urgent bulk-order profile.

Shipment activity peaks during April–June, with an average transit time of 21 days port-to-port. The route has recorded an annual growth rate of 15.1%, placing it at rank #8 among India's top ivermectin export destinations globally.

On the import side, key buyers of Indian ivermectin in Madagascar include TO THE ORDER, M/S.NUTRIVET AGRI SARL , M/S.NUTRIVET AGRI SARL and 8 others. TO THE ORDER is the single largest importer with 18 shipments valued at $376.9K USD.

India's ivermectin exports to Madagascar are driven primarily by a handful of large-scale manufacturers. ANTILA LIFESCIENCES PRIVATE LIMITED with 22 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 — ANTILA LIFESCIENCES PRIVATE LIMITED, MEDINOMICS HEALTH CARE PRIVATE LIMITED , MEDINOMICS HEALTH CARE PRIVATE LIMITED — together account for 91% of total trade value on this route. The average shipment value of $15.1K USD reflects a mix of bulk commercial orders and smaller specialty shipments.

Beyond the primary product category, shipments on this route include closely related formulations such as ivermax inj -50ml ( ivermectin+clorsuloninjection ( vet ) and ivermectin injection b.p. 1% w/v (veterinary) ( 50 ml bottle ), suggesting that buyers in Madagascar tend to consolidate orders across related product lines from the same Indian supplier.

On the buying side, TO THE ORDER is the largest importer with 18 shipments worth $376.9K USD — representing 42% of all ivermectin imports from India on this route. A total of 11 buyers are active on this corridor.