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

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

The MENA's penicillins or streptomycins medicaments market shrank significantly to $X in 2022, dropping by -28.7% against the previous year. In general, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in MENA

In value terms, penicillins or streptomycins medicaments production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by 175% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in MENA

In 2022, exports of medicaments of penicillins, streptomycins or derivatives thereof in MENA rose significantly to X tons, surging by 13% on 2021 figures. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 136%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports rose remarkably to $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 125% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the key exporter of medicaments of penicillins, streptomycins or derivatives thereof in MENA, with the volume of exports amounting to X tons, which was near 46% of total exports in 2022. Morocco (X tons) ranks second in terms of the total exports with a 19% share, followed by Saudi Arabia (15%) and the United Arab Emirates (14%). Egypt (X tons) and Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to penicillins or streptomycins medicaments exports from Turkey stood at +1.2%. At the same time, Morocco (+42.2%), the United Arab Emirates (+4.8%) and Saudi Arabia (+2.5%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +42.2% from 2012-2022. By contrast, Egypt (-5.8%) and Jordan (-23.7%) illustrated a downward trend over the same period. While the share of Morocco (+19 p.p.), the United Arab Emirates (+4.7 p.p.), Turkey (+3.1 p.p.) and Saudi Arabia (+2.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (-2.7 p.p.) and Jordan (-23.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X), Morocco ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 76% of total exports.

In terms of the main exporting countries, Morocco, with a CAGR of +46.7%, 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 export price in MENA stood at $X per ton in 2022, waning by -5.1% against the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 24% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in MENA

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported in MENA; picking up by 4.6% against the previous year's figure. Over the period under review, imports, however, saw a slight contraction. The pace of growth was the most pronounced in 2019 when imports increased by 30%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports reduced to $X in 2022. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Egypt represented the largest importer of medicaments of penicillins, streptomycins or derivatives thereof in MENA, with the volume of imports finishing at X tons, which was near 54% of total imports in 2022. It was distantly followed by Iraq (X tons), Yemen (X tons) and the United Arab Emirates (X tons), together committing a 26% share of total imports. Algeria (X tons), Kuwait (X tons), Lebanon (X tons), Turkey (X tons), Djibouti (X tons) and Morocco (X tons) followed a long way behind the leaders.

Egypt was also the fastest-growing in terms of the medicaments of penicillins, streptomycins or derivatives thereof imports, with a CAGR of +21.1% from 2012 to 2022. At the same time, Djibouti (+16.8%), Kuwait (+11.9%), Yemen (+9.0%), the United Arab Emirates (+5.0%), Morocco (+3.7%) and Lebanon (+3.6%) displayed positive paces of growth. Iraq experienced a relatively flat trend pattern. By contrast, Algeria (-6.7%) and Turkey (-14.8%) illustrated a downward trend over the same period. While the share of Egypt (+46 p.p.), Yemen (+5.2 p.p.), the United Arab Emirates (+2.9 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (-2.5 p.p.) and Turkey (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in MENA, comprising 62% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.4% share of total imports. It was followed by Iraq, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt amounted to +18.5%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.0% per year) and Iraq (+2.5% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, shrinking by -6% against the previous year. In general, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 39%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the 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 Kuwait ($X per ton), while Djibouti ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform