Saudi Arabia: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Saudi Arabia

The Saudi medicaments containing vitamins market soared to $X in 2021, jumping by 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible descent. Medicaments containing vitamins consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Medicaments Containing Vitamins Exports

Exports from Saudi Arabia

In 2021, the amount of medicaments containing vitamins and provitamins exported from Saudi Arabia soared to X tons, with an increase of 92% on 2020 figures. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 148% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports skyrocketed to $X in 2021. Overall, exports, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 211% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sudan (X tons), Yemen (X tons) and the United Arab Emirates (X tons) were the main destinations of medicaments containing vitamins exports from Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +100.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Saudi Arabia, comprising 148% of total exports. The second position in the ranking was taken by Oman ($X), with a 39% share of total exports. It was followed by Yemen, with a 23% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+17.4% per year) and Yemen (-14.5% per year).

Export Prices by Country

The average medicaments containing vitamins export price stood at $X per ton in 2021, waning by -35.7% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 168%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Chad ($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 Chad (+62.1%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Saudi Arabia

In 2021, imports of medicaments containing vitamins and provitamins into Saudi Arabia soared to X tons, rising by 70% compared with the previous year's figure. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 112%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, medicaments containing vitamins imports soared to $X in 2021. In general, imports, however, showed a slight decline. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), the UK (X tons) and France (X tons) were the main suppliers of medicaments containing vitamins imports to Saudi Arabia, together accounting for 22% of total imports. Canada, Greece, the United States, Hungary, Jordan, Germany, Poland, Italy, Egypt and the Netherlands lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +160.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of medicaments containing vitamins and provitamins to Saudi Arabia, comprising 17% of total imports. The second position in the ranking was taken by France ($X), with an 8.4% share of total imports. It was followed by the UK, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.1% per year) and the UK (+16.2% per year).

Import Prices by Country

In 2021, the average medicaments containing vitamins import price amounted to $X per ton, waning by -17.7% against the previous year. In general, the import price, however, saw noticeable growth. The most prominent rate of growth was recorded in 2013 an increase of 55%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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