Turkey: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Turkey

The Turkish medical gel preparations market rose modestly to $X in 2022, with an increase of 2.1% against the previous year. Over the period under review, consumption posted significant growth. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Medical Gel Preparations Production in Turkey

In value terms, medical gel preparations production stood at $X in 2022 estimated in export price. Overall, production showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 119% against the previous year. Medical gel preparations production peaked at $X in 2020; afterwards, it flattened through to 2022.

Medical Gel Preparations Exports

Exports from Turkey

In 2022, overseas shipments of gel preparations for human or veterinary medicine decreased by -6.1% to X tons for the first time since 2011, thus ending a ten-year rising trend. Overall, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 62%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, medical gel preparations exports dropped markedly to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 74% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Italy (X tons) was the main destination for medical gel preparations exports from Turkey, accounting for a 22% share of total exports. Moreover, medical gel preparations exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+15.8% per year) and the UK (+5.5% per year).

In value terms, the largest markets for medical gel preparations exported from Turkey were the UK ($X), Italy ($X) and France ($X), together accounting for 27% of total exports. Iraq, Poland, Germany, Spain, the United States, Libya, Saudi Arabia, Georgia, Syrian Arab Republic and Greece lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, the United States, with a CAGR of +51.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, which is down by -12.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Germany (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Turkey

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Turkey; increasing by 15% compared with 2021 figures. In general, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 83%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, medical gel preparations imports stood at $X in 2022. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 100% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of medical gel preparations to Turkey, accounting for a 62% share of total imports. Moreover, medical gel preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (0.0% per year) and Germany (-6.2% per year).

In value terms, the United States ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Turkey, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Hong Kong SAR, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.5% per year) and Hong Kong SAR (0.0% per year).

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, falling by -12.2% against the previous year. In general, the import price recorded a deep downturn. The growth pace was the most rapid in 2020 an increase of 56% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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