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

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Oman

In 2022, the Omani penicillins or streptomycins medicaments market decreased by -7.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, enjoyed a slight expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Oman

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof increased by 11% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 387% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports totaled $X in 2022. Over the period under review, exports, however, saw a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of 234%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Yemen (X kg) was the main destination for penicillins or streptomycins medicaments exports from Oman, accounting for a 81% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Yemen exceeded the volume sent to the second major destination, Kenya (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (-37.5% per year) and Germany (-20.7% per year).

In value terms, Yemen ($X), Germany ($X) and Kenya ($X) appeared to be the largest markets for penicillins or streptomycins medicaments exported from Oman worldwide, with a combined 71% share of total exports.

Among the main countries of destination, Yemen, with a CAGR of +2.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, declining by -7.3% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 37%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+66.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Oman

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof imported into Oman shrank markedly to X tons, with a decrease of -21.3% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 108%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports rose significantly to $X in 2022. In general, imports showed a mild slump. The pace of growth was the most pronounced in 2015 when imports increased by 72%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest penicillins or streptomycins medicaments supplier to Oman, accounting for a 38% share of total imports. Moreover, penicillins or streptomycins medicaments imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Egypt (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.7% per year) and Egypt (+23.3% per year).

In value terms, the United Arab Emirates ($X), the UK ($X) and India ($X) appeared to be the largest penicillins or streptomycins medicaments suppliers to Oman, with a combined 62% share of total imports. Canada, Austria, Egypt, Qatar, Slovenia, Germany, Saudi Arabia, the Netherlands, Pakistan and China lagged somewhat behind, together comprising a further 31%.

Canada, with a CAGR of +35.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, growing by 37% against the previous year. Overall, the import price, however, recorded a slight decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 UK (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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