How competition between Chinese and Indian firms could reshape Africa’s drug markets
AI Summary
Chinese exports of antimalarial drugs to Africa are nearly level with India’s, challenging India’s longstanding dominance in the market. The reported figures show China’s exports rising to US$89.3 million last year while India’s fell to US$89.6 million.
China is challenging India’s long-held dominance of the African market for antimalarial drugs in 12 of the continent’s hardest-hit countries, according to a new study. Last year, Chinese exports of antimalarial drugs reached US$89.3 million, nearly matching India’s US$89.6 million, according to Indian market research company Sol Gravitas. The gap has closed significantly since 2021, when Indian exports stood at US$121 million compared with US$62.6 million for China. Separately, the study...