GCC: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in GCC

In 2022, the GCC medicaments containing penicillin market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption, however, recorded a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Medicaments Containing Penicillin Production in GCC

In value terms, medicaments containing penicillin production fell sharply to $X in 2022 estimated in export price. In general, production showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports in GCC

In 2022, after two years of growth, there was significant decline in shipments abroad of medicaments containing penicillins or derivatives thereof, when their volume decreased by X% to X tons. In general, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports declined markedly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Saudi Arabia was the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports. Kuwait (X tons) took a little share of total exports.

Saudi Arabia was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof exports, with a CAGR of X% from 2012 to 2022. Kuwait (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Kuwait and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest medicaments containing penicillin supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

In Saudi Arabia, medicaments containing penicillin exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a slight descent. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the export price figures.

Medicaments Containing Penicillin Imports

Imports in GCC

In 2022, imports of medicaments containing penicillins or derivatives thereof in GCC skyrocketed to X tons, jumping by X% against the previous year's figure. Overall, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin imports surged to $X in 2022. In general, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the main importing country with an import of around X tons, which accounted for X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Oman (X tons). All these countries together took near X% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to medicaments containing penicillin imports into Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Saudi Arabia, medicaments containing penicillin imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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