United Arab Emirates: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the United Arab Emirates

The penicillins or streptomycins medicaments market in the United Arab Emirates reduced to $X in 2022, waning by -7.3% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the United Arab Emirates

In value terms, penicillins or streptomycins medicaments production shrank sharply to $X in 2022 estimated in export price. Overall, production, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 298%. Penicillins or streptomycins medicaments production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from the United Arab Emirates

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof was finally on the rise to reach X tons after three years of decline. Overall, exports saw a noticeable expansion. The pace of growth appeared the most rapid in 2018 with an increase of 163% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports dropped to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 89% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for penicillins or streptomycins medicaments exports from the United Arab Emirates, with a 70% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Bahrain exceeded the volume sent to the second major destination, Mozambique (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain totaled +64.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+28.7% per year) and Slovenia (0.0% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from the United Arab Emirates, comprising 49% of total exports. The second position in the ranking was taken by Slovenia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain amounted to +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (0.0% per year) and Mozambique (+39.3% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, falling by -7.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bahrain ($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 Mozambique (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into the United Arab Emirates

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported into the United Arab Emirates; surging by 5.1% compared with the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.1% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 63% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports expanded significantly to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 63% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to the United Arab Emirates, accounting for a 39% share of total imports. Moreover, penicillins or streptomycins medicaments imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Slovenia (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Slovenia (+31.6% per year).

In value terms, the UK ($X), France ($X) and India ($X) were the largest penicillins or streptomycins medicaments suppliers to the United Arab Emirates, with a combined 47% share of total imports. Slovenia, Canada, China and the Netherlands lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Slovenia, with a CAGR of +46.5%, saw the highest rates of growth with regard to 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

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, increasing by 4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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