Middle East: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the Middle East

The Middle Eastern medicaments containing vitamins market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a resilient increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Vitamins Production in the Middle East

In value terms, medicaments containing vitamins production skyrocketed to $X in 2021 estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 277%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports in the Middle East

In 2021, approx. X tons of medicaments containing vitamins and provitamins were exported in the Middle East; falling by -11.5% compared with 2020. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 20%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing vitamins exports contracted rapidly to $X in 2021. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 15% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 68% of total exports in 2021. Saudi Arabia (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Israel (9.6%). The following exporters - Kuwait (X tons), Oman (X tons) and Jordan (X tons) - together made up 11% of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +31.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) emerged as the largest medicaments containing vitamins supplier in the Middle East, comprising 61% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Israel, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +23.5%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-19.4% per year) and Israel (-9.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, declining by -11.3% against the previous year. In general, the export price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when the export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Kuwait ($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 (+19.1%), while the other leaders experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports in the Middle East

In 2021, the amount of medicaments containing vitamins and provitamins imported in the Middle East skyrocketed to X tons, growing by 48% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented the largest importers of medicaments containing vitamins and provitamins in the Middle East, together reaching approx. 57% of total imports. It was distantly followed by Iraq (X tons), Yemen (X tons) and Turkey (X tons), together committing a 28% share of total imports. The following importers - Kuwait (X tons) and Lebanon (X tons) - each amounted to a 6.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for 68% of total imports.

Among the main importing countries, Iraq, with a CAGR of +20.0%, 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, reducing by -5.1% against the previous year. In general, the import price saw a slight shrinkage. The pace of growth was the most pronounced in 2015 an increase of 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat 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 Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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