Central Asia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Central Asia

The Central Asian medical gel preparations market surged to $X in 2022, growing by 24% against the previous year. In general, consumption saw a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Medical Gel Preparations Production in Central Asia

In value terms, medical gel preparations production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 49%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports in Central Asia

In 2022, approx. X kg of gel preparations for human or veterinary medicine were exported in Central Asia; falling by -83.6% on the year before. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2019 when exports increased by 1,506% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports dropped dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 10,328% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Kazakhstan (X kg), together reaching 100% of total export.

Kazakhstan was also the fastest-growing in terms of the gel preparations for human or veterinary medicine exports, with a CAGR of -6.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest medical gel preparations supplier in Central Asia.

In Kazakhstan, medical gel preparations exports increased at an average annual rate of +13.1% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per kg in 2022, picking up by 415% against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2015 when the export price increased by 7,231%. As a result, the export price attained the peak level of $X per kg. From 2016 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +21.0% per year.

Medical Gel Preparations Imports

Imports in Central Asia

In 2022, medical gel preparations imports in Central Asia skyrocketed to X tons, jumping by 95% compared with 2021. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 112%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, medical gel preparations imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 213% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Kazakhstan (X tons) represented the key importer of gel preparations for human or veterinary medicine, creating 79% of total imports. It was distantly followed by Kyrgyzstan (X tons), achieving a 13% share of total imports. Mongolia (X tons) and Tajikistan (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to medical gel preparations imports into Kazakhstan stood at +15.9%. At the same time, Mongolia (+29.1%) and Kyrgyzstan (+21.2%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +29.1% from 2012-2022. By contrast, Tajikistan (-2.9%) illustrated a downward trend over the same period. Kazakhstan (+8.6 p.p.), Kyrgyzstan (+5.5 p.p.) and Mongolia (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Tajikistan saw its share reduced by -7.7% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported gel preparations for human or veterinary medicine in Central Asia, comprising 41% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 5.6% share of total imports. It was followed by Mongolia, with a 3.3% share.

In Kazakhstan, medical gel preparations imports increased at an average annual rate of +9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (+21.0% per year) and Mongolia (+28.1% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, waning by -25.3% against the previous year. Over the period under review, the import price, however, posted a slight increase. The pace of growth appeared the most rapid in 2021 an increase of 79% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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