MENA: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in MENA

The MENA's medical gel preparations market rose slightly to $X in 2022, increasing by 3% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Medical Gel Preparations Production in MENA

In value terms, medical gel preparations production totaled $X in 2022 estimated in export price. In general, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 94% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Medical Gel Preparations Exports

Exports in MENA

In 2022, medical gel preparations exports in MENA was estimated at X tons, leveling off at 2021 figures. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 89%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports declined to $X in 2022. In general, exports showed pronounced growth. The pace of growth appeared the most rapid in 2013 when exports increased by 78% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the main exporting country with an export of about X tons, which finished at 83% of total exports. It was distantly followed by Iran (X tons), constituting a 15% share of total exports. Israel (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +15.8% from 2012 to 2022. At the same time, Israel (+18.3%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +18.3% from 2012-2022. By contrast, Iran (-8.4%) illustrated a downward trend over the same period. While the share of Turkey (+49 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (-48.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest medical gel preparations supplier in MENA, comprising 75% of total exports. The second position in the ranking was taken by Iran ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +18.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-10.6% per year) and Israel (+12.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, reducing by -14.4% against the previous year. In general, the export price saw a pronounced reduction. The growth pace was the most rapid in 2014 when the export price increased by 46%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($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 (+2.3%), while the other leaders experienced a decline in the export price figures.

Medical Gel Preparations Imports

Imports in MENA

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported in MENA; shrinking by -6% on the previous year. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 47%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, medical gel preparations imports reduced to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons), Algeria (X tons), Egypt (X tons), Iraq (X tons), Saudi Arabia (X tons), Israel (X tons), Syrian Arab Republic (X tons), Morocco (X tons), Libya (X tons), Kuwait (X tons), Turkey (X tons) and Yemen (X tons) was the key importer of gel preparations for human or veterinary medicine in MENA, achieving 92% of total import.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +22.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical gel preparations importing markets in MENA were Saudi Arabia ($X), Egypt ($X) and the United Arab Emirates ($X), together comprising 67% of total imports.

Egypt, with a CAGR of +18.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, which is down by -9.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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 Saudi Arabia ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform