Jordan: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Jordan

In 2022, after two years of growth, there was significant decline in the Jordanian medical gel preparations market, when its value decreased by -21% to $X. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank rapidly in the following year.

Medical Gel Preparations Production in Jordan

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports from Jordan

After two years of growth, overseas shipments of gel preparations for human or veterinary medicine decreased by -41.7% to X tons in 2022. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 719% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, medical gel preparations exports soared to $X in 2022. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 968%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Palestine (X tons) and the UK (X kg) were the main destinations of medical gel preparations exports from Jordan, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Palestine (with a CAGR of +87.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for medical gel preparations exported from Jordan were Iraq ($X), Palestine ($X) and the UK ($X), with a combined 89% share of total exports.

Among the main countries of destination, Palestine, with a CAGR of +85.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, with an increase of 140% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Jordan

After two years of growth, purchases abroad of gel preparations for human or veterinary medicine decreased by -60% to X tons in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 328% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced sharply in the following year.

In value terms, medical gel preparations imports fell markedly to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 72%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest medical gel preparations supplier to Jordan, with a 65% share of total imports. Moreover, medical gel preparations imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+44.8% per year) and Japan (+91.2% per year).

In value terms, Italy ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Jordan, comprising 60% of total imports. The second position in the ranking was taken by Austria ($X), with a 4.1% share of total imports. It was followed by the UK, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-11.4% per year) and the UK (+4.9% per year).

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, increasing by 63% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 103% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform