Middle East: Antibiotic Market 2024

Antibiotic Market Size in the Middle East

The Middle Eastern antibiotic market fell to $X in 2021, which is down by -11.8% against the previous year. Overall, consumption recorded a slight reduction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Antibiotic Production in the Middle East

In value terms, antibiotic production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 11%. The level of production peaked at $X in 2020, and then declined in the following year.

Antibiotic Exports

Exports in the Middle East

In 2021, shipments abroad of antibiotics increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 103% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, antibiotic exports rose markedly to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons) and Turkey (X tons) represented the key exporters of antibiotics in the Middle East, together comprising 67% of total exports. Oman (X tons) ranks next in terms of the total exports with a 14% share, followed by Iran (9.9%). Israel (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +13.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest antibiotic supplying countries in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 81% of total exports.

The United Arab Emirates, with a CAGR of +2.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, dropping by -9.6% against the previous year. In general, the export price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by 297%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.9%), while the other leaders experienced a decline in the export price figures.

Antibiotic Imports

Imports in the Middle East

In 2021, imports of antibiotics in the Middle East contracted markedly to X tons, declining by -25.4% against 2020 figures. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, antibiotic imports contracted markedly to $X in 2021. Over the period under review, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of 17%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons), distantly followed by Iran (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Jordan (X tons) represented the largest importers of antibiotics, together making up 86% of total imports. Yemen (X tons) and Syrian Arab Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +12.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest antibiotic importing markets in the Middle East were Turkey ($X), Iran ($X) and Jordan ($X), together accounting for 70% of total imports. These countries were followed by Saudi Arabia, the United Arab Emirates, Syrian Arab Republic and Yemen, which together accounted for a further 21%.

Yemen, with a CAGR of +10.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, picking up by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the import price increased by 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Jordan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+21.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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