Kuwait: Medicaments Containing Hormones Market 2024

Medicaments Containing Hormones Market Size in Kuwait

In 2022, the Kuwaiti medicaments containing hormones market decreased by X% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption recorded a deep contraction. Medicaments containing hormones consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Hormones Production in Kuwait

In value terms, medicaments containing hormones production expanded slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medicaments Containing Hormones Exports

Exports from Kuwait

In 2022, the amount of medicaments containing hormones but not antibiotics exported from Kuwait reduced markedly to X tons, which is down by X% on the previous year's figure. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, medicaments containing hormones exports shrank modestly to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for medicaments containing hormones exports from Kuwait, accounting for a X% share of total exports. Moreover, medicaments containing hormones exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Oman (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for medicaments containing hormones but not antibiotics exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average medicaments containing hormones export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Jordan ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Hormones Imports

Imports into Kuwait

Medicaments containing hormones imports into Kuwait dropped remarkably to X tons in 2022, falling by X% against the previous year. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, medicaments containing hormones imports dropped rapidly to $X in 2022. Over the period under review, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest medicaments containing hormones supplier to Kuwait, with a X% share of total imports. Moreover, medicaments containing hormones imports from India exceeded the figures recorded by the second-largest supplier, Jordan (X tons), fivefold. Canada (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Canada (X% per year).

In value terms, India ($X) constituted the largest supplier of medicaments containing hormones but not antibiotics to Kuwait, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and France (X% per year).

Import Prices by Country

The average medicaments containing hormones import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price saw mild growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 Canada ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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