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

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the Middle East

The Middle Eastern penicillins or streptomycins medicaments market contracted significantly to $X in 2022, declining by -34.4% against the previous year. In general, consumption, however, recorded a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the Middle East

In value terms, penicillins or streptomycins medicaments production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 178%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in the Middle East

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were exported in the Middle East; increasing by 5.9% on 2021 figures. In general, exports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 127% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports stood at $X in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 when exports increased by 124%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the major exporter of medicaments of penicillins, streptomycins or derivatives thereof in the Middle East, with the volume of exports reaching X tons, which was approx. 59% of total exports in 2022. Saudi Arabia (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (17%). Jordan (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, the United Arab Emirates (+4.8%) and Saudi Arabia (+2.5%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +4.8% from 2012-2022. By contrast, Jordan (-23.7%) illustrated a downward trend over the same period. Turkey (+13 p.p.), the United Arab Emirates (+7.8 p.p.) and Saudi Arabia (+6 p.p.) significantly strengthened its position in terms of the total exports, while Jordan saw its share reduced by -25.1% from 2012 to 2022, respectively.

In value terms, the largest penicillins or streptomycins medicaments supplying countries in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 91% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +4.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -5.4% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2020 when the export price increased by 25%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United Arab Emirates (-0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in the Middle East

In 2022, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -40.6% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports reduced markedly to $X in 2022. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2015 when imports increased by 27%. 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

The purchases of the three major importers of medicaments of penicillins, streptomycins or derivatives thereof, namely Iraq, Yemen and the United Arab Emirates, represented more than two-thirds of total import. Kuwait (X tons) ranks next in terms of the total imports with a 6.5% share, followed by Lebanon (5.8%) and Turkey (5.7%). Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Yemen ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 55% of total imports. Kuwait, Lebanon, Turkey and Iran lagged somewhat behind, together comprising a further 29%.

Kuwait, with a CAGR of +11.9%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the Middle East amounted to $X per ton, falling by -18.6% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 44%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, 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 ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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