United Arab Emirates: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in the United Arab Emirates

The medicaments containing corticosteroid hormones market in the United Arab Emirates soared to $X in 2021, growing by 63% 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). In general, consumption enjoyed a resilient increase. Medicaments containing corticosteroid hormones consumption peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from the United Arab Emirates

Medicaments containing corticosteroid hormones exports from the United Arab Emirates soared to X tons in 2021, picking up by 49% against the previous year. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 150%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports skyrocketed to $X in 2021. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 179%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons), Kuwait (X tons) and Zambia (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from the United Arab Emirates, together comprising 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +63.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from the United Arab Emirates, comprising 52% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 6.8% share of total exports. It was followed by Oman, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait totaled +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+21.3% per year) and Oman (+14.7% per year).

Export Prices by Country

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, which is down by -15.7% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Zambia ($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 Algeria (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into the United Arab Emirates

In 2021, approx. X tons of medicaments containing corticosteroid hormones were imported into the United Arab Emirates; picking up by 34% compared with the previous year. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 51%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, medicaments containing corticosteroid hormones imports surged to $X in 2021. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of medicaments containing corticosteroid hormones to the United Arab Emirates, accounting for a 28% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Italy exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.9% per year) and Germany (+14.3% per year).

In value terms, Sweden ($X), Germany ($X) and Belgium ($X) constituted the largest medicaments containing corticosteroid hormones suppliers to the United Arab Emirates, with a combined 31% share of total imports. The UK, the United States, Italy, the Netherlands, Switzerland, France, Canada and Saudi Arabia lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, the United States, with a CAGR of +23.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, with an increase of 35% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing corticosteroid hormones import price increased by +73.3% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 35%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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