Why should India's pharma exporters prefer no. 34 China instead of the no.1 USA?
'The best way to predict the future is to create it.'
By Dr. Lade Vedkumar.
For the first time, we are introducing an innovative concept for additional export generation.
Is it possible to predict Pharma product future export figures?
Can we forecast the size of the growing/bearish pharma export market?
Does that help you, if you know the future export size of your competing countries?
Yes, we are masters in international trade forecast research super specialty segments...
We can scientifically predict the next five year's trade statistics.
Many high growth products have magnificent potential in developed, developing or undeveloped countries.
We need to redefine the marketing strategy.
There should be aggressive marketing of a specific product in a rapidly expanding market.
In a neutral market simple marketing is going to work.
Global exports of pharmaceutical components will increase from $608.9 billion to $926.5 billion by 2021 to 2025.
Why should India's pharma exporters prefer no. 34 China instead of the no.1 USA?
(Share this wisdom)
India's pharma export will increase from $17.7 billion to $27.1 billion by 2021-2025.
India's exports represent 2.8% of world exports for this product, its ranking in world exports is 11.
1) Indian pharma exports in the USA will grow from $6.4 billion to $7.0 billion by 2021 to 2025.
Important note:
Best results can be found in the countries having larger value difference between 2021 export and prospects by 2025.
As per above note, India will create additional pharma export space of $600 million in the USA.
Why will the US export market not increase?
Is it important to understand the wisdom of the above question?
Yes of course, you must always have an eagle eye on competing suppliers in that particular market. Here, the destination market is the US.
Three competing nations in the USA market will be Ireland, Germany and Switzerland. Considering the criteria of larger difference between the 2021 exports and prospects by 2025.
This represents the export values of below countries to the USA.
Ireland:
2021: $23.4 billion dollars,
2025: $39.9 billion dollars.
Germany:
2021: $15.3 billion dollars,
2025: $24.6 billion dollars.
Switzerland:
2021: $16.7 billion dollars,
2025: $25.2 billion dollars.
India's export position in the USA will decline from 6th to 12th position by 2021-25.
2) The Indian pharma export market will increase in China from $83.9 million to $1.2 billion by 2021-25. It's a huge increase.
India will create additional export space of $1.2 billion in China by 2021-25.
Who will be Indian export market competitors in Chinese pharma market?
India's three competing countries in the Chinese pharma market will be Germany, Ireland and the US.
These are the export values of the countries below to China.
Germany:
2021: $5.3 billion dollars,
2025: $11.2 billion dollars.
Ireland:
2021: $1.2 billion dollars,
2025: $5.6 billion dollars.
United States of America:
2021: $3.8 billion dollars,
2025: $6.7 billion dollars.
Japan:
2021: $1.1 billion dollars,
2025: $454.6 million dollars.
The Japanese pharma exports will decline in China by 2021-25.
India will rise from 21st position to 7th place in the Chinese pharma market by 2021-25.
Interesting Comparison:
Comparison of countries having larger value difference between 2021 export and prospects of 2025 Vs countries with smaller value difference between 2021-25.
China +$1.2 bn Vs USA $600 mn (relatively saturated market in the next 5 years)
"Now consider the scenario where you are not familiar with the above insight. Even though you are efficiently marketing in USA and simply marketing in China. You don't grow in both scenarios. If you have the complete insight. You can generate additional export revenue at a great pace"
That's the 'Power of Knowledge'
India should favour No.11 East Asia over 1st North America By 2021-2025?
We will cover this wisdom in our workshop.
We have elaborated two countries in the above country wise insight.
Yet the rest of top countries contribute $27.1 bn of additional import demand by 2021-25.
As I always say.
'The best prospects are hidden in the next five years statistic'
Exclusive conclusion:
India's pharma export market needs aggressive marketing in China and other fast-growing markets. In saturated markets, simple marketing will work.
We can present an exclusive workshop preferably to the association or companies.
What's in it for me in the report/workshop?
What will be the most amazing countries contributing $27.1 bn of enormous pharmaceutical import demand for India?
Why will the largest pharma importer market increase from $6.4 bn to $7.0 bn by 2021-25 for India?
Why should Indian pharma exporters favour 37 no. Saudi Arabia over no.2 UK?
Why should Indian pharma exporters prefer 26 no. Japan instead of no.3 South Africa?
Which will be the world's top Medicaments exporting countries by 2021 to 2025?
What will be product specific top export markets by 2021-25?
The Post Covid era has drastically changed the demand and supply equation of most countries. It's absolutely surprising to see the creation of new demand.
We are capable of demonstrating below product insights.
India's High Growth Pharma Export Products & Emerging Markets, By 2021-25. Blog-89
Presentation:1
What's the growing export market for India's Penicillin?
Export team ans: USA. Well it's a saturated market...Why?
Presentation 2:
Why is India gaining China's +172 mn & losing USA's -145 mn in the antibiotics market?
Presentation 3:
Why is India gaining the Pro vitamin market in China & losing in the USA?
Presentation 4:
Why should India's Sulfadoxine exporters prefer 39 no. Panama instead of 1st no. Germany?
Presentation 5:
Why should India's Insulin exporters prefer the US over Germany?
India's High Growth Pharma Export Products & Emerging Markets, By 2021-25. Blog-89
https://futureexportvision.blogspot.com/2021/05/indias-top-10-penicillin-export-regions.html
Note: All the values are in an USA dollar. Prices may vary as per the market demand and dollar value fluctuation. 2021's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above insight as it is standard protocol HS code.
Email:
'Professionals work. Experts create results. Authorities predict the future. DECIDE which one you are going to follow'
Research source:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration July 2021.
© 2021-25 Future Export Vision.
India's High Growth Pharma Export Products & Emerging Markets, By 2021-25. Blog-89
https://futureexportvision.blogspot.com/2021/05/indias-top-10-penicillin-export-regions.html
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https://futureexportvision.blogspot.com/2021/01/americas-top-10-pharma-exports-regions.html
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https://futureexportvision.blogspot.com/2021/01/germanys-top-10-pharma-export-regions.html
United Kingdom's Top 10 Pharma Export Regions and Countries, By 2021-24?
https://futureexportvision.blogspot.com/2021/01/united-kingdoms-top-10-pharma-export.html
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https://futureexportvision.blogspot.com/2021/01/netherlands-medicaments-top-10-export.html
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