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

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

The Saudi penicillins or streptomycins medicaments market dropped significantly to $X in 2022, waning by -70.7% against the previous year. In general, consumption saw a abrupt setback. Penicillins or streptomycins medicaments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Saudi Arabia

In value terms, penicillins or streptomycins medicaments production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by 224%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Saudi Arabia

In 2022, exports of medicaments of penicillins, streptomycins or derivatives thereof from Saudi Arabia surged to X tons, jumping by 18% compared with the year before. Over the period under review, exports posted perceptible growth. The most prominent rate of growth was recorded in 2020 when exports increased by 786% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. In general, exports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 with an increase of 608% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for penicillins or streptomycins medicaments exports from Saudi Arabia, accounting for a 79% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Egypt exceeded the volume sent to the second major destination, Morocco (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to +219.7%.

In value terms, the largest markets for penicillins or streptomycins medicaments exported from Saudi Arabia were Egypt ($X) and Morocco ($X).

Egypt, with a CAGR of +152.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 156% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, 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 Morocco ($X per ton), while the average price for exports to Egypt totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (-10.9%).

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Saudi Arabia

In 2021, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof decreased by -3.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2019 when imports increased by 32%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports expanded sharply to $X in 2021. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Egypt (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Saudi Arabia, together comprising 66% of total imports. Ireland, Germany, Austria, Japan, Italy, Belgium, Spain, the Netherlands, Portugal and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +72.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Saudi Arabia were Germany ($X), the United States ($X) and the UK ($X), with a combined 58% share of total imports. Egypt, Austria, Ireland, Italy, Japan, Spain, Portugal, France, Belgium and the Netherlands lagged somewhat behind, together comprising a further 36%.

Egypt, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average penicillins or streptomycins medicaments import price amounted to $X per ton, growing by 11% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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