GCC: First-Aid Kit Market 2024

First-Aid Kit Market Size in GCC

The GCC first-aid kit market reduced to $X in 2022, with a decrease of -9.7% against the previous year. In general, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

First-Aid Kit Production in GCC

In value terms, first-aid kit production reduced sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 138%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

First-Aid Kit Exports

Exports in GCC

In 2022, first-aid kit exports in GCC surged to X tons, with an increase of 49% against 2021. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by 70%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, first-aid kit exports surged to $X in 2022. Over the period under review, exports, however, saw a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was near 92% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting a 5.1% share of total exports. Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the first-aid boxes and kits exports, with a CAGR of +11.0% from 2012 to 2022. Oman (-10.9%) and Saudi Arabia (-33.0%) illustrated a downward trend over the same period. The United Arab Emirates (+82 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -82% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest first-aid kit supplier in GCC, comprising 77% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports.

In the United Arab Emirates, first-aid kit exports expanded at an average annual rate of +5.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-38.3% per year) and Oman (-11.6% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with a decrease of -18.9% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by 66%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-0.9%), while the other leaders experienced a decline in the export price figures.

First-Aid Kit Imports

Imports in GCC

In 2022, approx. X tons of first-aid boxes and kits were imported in GCC; picking up by 8.2% on the year before. In general, imports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by 60%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, first-aid kit imports soared to $X in 2022. Over the period under review, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 60%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X tons, which recorded 55% of total imports. Kuwait (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (11%) and Oman (6%). Bahrain (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to first-aid kit imports into the United Arab Emirates stood at -5.4%. At the same time, Kuwait (+25.6%) and Qatar (+13.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +25.6% from 2012-2022. By contrast, Bahrain (-2.1%) and Oman (-10.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait and Qatar increased by +22 and +9.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported first-aid boxes and kits in GCC, comprising 66% of total imports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total imports. It was followed by Qatar, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -5.1%. In the other countries, the average annual rates were as follows: Kuwait (+18.3% per year) and Qatar (+10.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price, however, saw a pronounced slump. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform