Saudi Arabia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Saudi Arabia

The Saudi medical gel preparations market totaled $X in 2022, approximately mirroring the previous year. Overall, consumption saw pronounced growth. Medical gel preparations consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Saudi Arabia

In value terms, medical gel preparations production totaled $X in 2022 estimated in export price. In general, production recorded a slight increase. The pace of growth appeared the most rapid in 2016 with an increase of 217% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Medical Gel Preparations Exports

Exports from Saudi Arabia

In 2021, overseas shipments of gel preparations for human or veterinary medicine increased by 374% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a prominent expansion. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports skyrocketed to $X in 2021. Overall, exports posted a measured increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for medical gel preparations exports from Saudi Arabia, with a 115% share of total exports. Moreover, medical gel preparations exports to Bahrain exceeded the volume sent to the second major destination, Yemen (X tons), twofold. The third position in this ranking was held by Kuwait (X tons), with a 25% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and Kuwait (-17.6% per year).

In value terms, Yemen ($X) emerged as the key foreign market for gel preparations for human or veterinary medicine exports from Saudi Arabia, comprising 61% of total exports. The second position in the ranking was held by Kuwait ($X), with a 26% share of total exports. It was followed by Bahrain, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-26.1% per year) and Bahrain (-22.7% per year).

Export Prices by Country

In 2021, the average medical gel preparations export price amounted to $X per ton, surging by 127% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 190% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-9.5%), while the prices for the other major destinations experienced a decline.

Medical Gel Preparations Imports

Imports into Saudi Arabia

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Saudi Arabia; declining by -14.6% against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 81% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, medical gel preparations imports fell dramatically to $X in 2022. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 189%. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

Italy (X tons) and the United States (X tons) were the main suppliers of medical gel preparations imports to Saudi Arabia.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +17.9%).

In value terms, the United States ($X) and Italy ($X) were the largest medical gel preparations suppliers to Saudi Arabia.

In terms of the main suppliers, Italy, with a CAGR of +32.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, falling by -21.1% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 169%. As a result, import price reached the peak level of $X per ton, and then declined sharply in the following year.

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 United States ($X per ton), while the price for Italy stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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