Middle East: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in the Middle East

In 2021, the Middle Eastern medicaments containing penicillin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in the Middle East

In value terms, medicaments containing penicillin production surged to $X in 2021 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 108%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports in the Middle East

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 88% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 241%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports soared to $X in 2021. Overall, exports, however, showed a pronounced downturn. The growth pace was the most rapid in 2020 when exports increased by 198% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) and Jordan (X tons) prevails in exports structure, together creating 96% of total exports. Kuwait (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +24.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Jordan ($X), Saudi Arabia ($X) and Kuwait ($X) constituted the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of +10.1%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when the export price increased by 39%. As a result, the export price attained the peak level of $X per ton. From 2018 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 Jordan ($X per ton), while Kuwait ($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 (-2.9%), while the other leaders experienced a decline in the export price figures.

Medicaments Containing Penicillin Imports

Imports in the Middle East

After two years of growth, supplies from abroad of medicaments containing penicillins or derivatives thereof decreased by -21.1% to X tons in 2021. Overall, imports, however, showed a measured increase. The growth pace was the most rapid in 2020 when imports increased by 285%. As a result, imports attained the peak of X tons, and then shrank notably in the following year.

In value terms, medicaments containing penicillin imports dropped to $X in 2021. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 207%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons) and Turkey (X tons) were the key importers of medicaments containing penicillins or derivatives thereof in 2021, reaching near 34% and 34% of total imports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total imports with a 14% share, followed by Oman (8.4%). Jordan (X tons), Kuwait (X tons) and Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, with a combined 82% share of total imports. These countries were followed by Kuwait, Oman, Bahrain and Jordan, which together accounted for a further 15%.

In terms of the main importing countries, Bahrain, with a CAGR of +42.0%, 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 import price in the Middle East stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2015 an increase of 34%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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 Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+14.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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