Kuwait: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Kuwait

The Kuwaiti penicillins or streptomycins medicaments market totaled $X in 2022, picking up by 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a resilient expansion. Penicillins or streptomycins medicaments consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Kuwait

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof were finally on the rise to reach X tons after two years of decline. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 219% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 144%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for penicillins or streptomycins medicaments exports from Kuwait, with a 95% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar stood at +17.7%.

In value terms, Qatar ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Kuwait, comprising 99% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +18.2%.

Export Prices by Country

In 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, dropping by -2.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 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 Qatar ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+0.4%).

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Kuwait

Penicillins or streptomycins medicaments imports into Kuwait surged to X tons in 2022, rising by 16% compared with the previous year. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 123%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports rose remarkably to $X in 2022. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 122% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Slovenia (X tons), Austria (X tons) and France (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Kuwait, together comprising 40% of total imports. Canada, Poland, the Netherlands, the UK, Belgium, India, Japan, Germany, Saudi Arabia and Jordan lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Kuwait were Austria ($X), Slovenia ($X) and France ($X), together accounting for 41% of total imports. The UK, Canada, Saudi Arabia, Jordan, Poland, Germany, Belgium, India, the Netherlands and Japan lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +86.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, declining by -4.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 38%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :