Middle East: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in the Middle East

The Middle Eastern medical gel preparations market amounted to $X in 2022, approximately reflecting the previous year. Overall, consumption recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Medical Gel Preparations Production in the Middle East

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 98%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Medical Gel Preparations Exports

Exports in the Middle East

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported in the Middle East; growing by 1.5% compared with the year before. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 90%. As a result, the exports attained 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. Over the period under review, exports posted a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 90% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey was the largest exporting country with an export of about X tons, which recorded 83% of total exports. It was distantly followed by Iran (X tons), making up a 15% share of total exports. Israel (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to medical gel preparations exports from Turkey stood at +15.8%. At the same time, Israel (+18.3%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +18.3% from 2012-2022. By contrast, Iran (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +49 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest medical gel preparations supplier in the Middle East, comprising 76% of total exports. The second position in the ranking was taken by Iran ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +18.5%. In the other countries, the average annual rates were as follows: Iran (-10.6% per year) and Israel (+12.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, waning by -13.9% against the previous year. In general, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by 50% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 the Middle East

In 2022, the amount of gel preparations for human or veterinary medicine imported in the Middle East declined to X tons, dropping by -4.3% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 51%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, medical gel preparations imports contracted rapidly to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Iraq (X tons), Saudi Arabia (X tons), Israel (X tons), Syrian Arab Republic (X tons) and Kuwait (X tons) were the major importers of gel preparations for human or veterinary medicine, together achieving 81% of total imports. Turkey (X tons) and Yemen (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 73% of total imports.

The United Arab Emirates, with a CAGR of +17.8%, recorded 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

The import price in the Middle East stood at $X per ton in 2022, dropping by -16.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 58%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: 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

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