Analysis of India’s Pharmaceutical exports during the last years

Following is the table of India’s exports of pharmaceuticals during the last four years Region wise.

*Only 11 months statistics of the year 2011-12 has been received. Hence the formulation figures for the year 2011-12 include a month’s estimates.

Exports Region Wise in USD million
Region	FY Mar 09	FY Mar 10	FY Mar 11	FY Mar 12	Gr. FY 11	Gr. FY 12	CAGR
Africa	1405	1406	1824	2256	29.70	23.68	17%
Asean	502	608	693	857	13.90	23.68	20%
Asia(Excluding Middle East)	420	423	460	564	8.72	22.80	10%
CIS	598	527	718	693	36.08	-3.44	5%
EU	2012	1749	2005	2576	14.69	28.45	9%
LAC	667	631	696	830	10.44	19.21	8%
Middle East	736	759	825	919	8.59	11.45	8%
North America	1801	2118	2644	3509	24.87	32.68	25%
Oceania	99	129	156	223	20.48	42.87	31%
Other America	69	84	144	99	71.52	-30.88	13%
Other European Countries	126	142	128	156	-9.88	21.71	7%
Others	7	13	9	44	-28.32	396.09	86%
South Asia	353	366	409	484	11.70	18.44	11%
Grand Total	8795	8955	10711	13210	19.61	22.34	15%
Source: CMIE/DGCIS

• Total exports during the last four years have grown by 15% CAGR, growth during the last financial year, 2011-12 was 23.34% in USD terms
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• North America continues to be our best destination with a CAGR of 25% and 33% growth during 2011-12
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• Exports to EU has grown exceptionally well during 2011-12 with 28% considering the face that a single digit CAGR was recorded during the last four years.
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• Exports to Oceania have also grown well with CAGR of 43% but the overall turnover is small and considering the fact that Australia and New Zealand are not yet fully tapped, higher growth rates can be expected.
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• Exports to LAC have also grown well at 19% more than the double the rate of CAGR of last four years and also higher than 2010-11, but below the year’s growth.
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• Exports to Africa, Asean and Asia (Excluding middle East) have grown better than last four year excepting Africa but only at overall year’s growth.
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• Exports to Middle East have grown during the year at half’s the pace of overall exports growth of the year (23.45) and slightly better than last year’s region’s growth.
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• Exports to CIS countries have grown negative by 3.5%, It had an exceptional growth of over 36% during 2010-11