Kuwait: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Kuwait

The Kuwaiti medicaments containing vitamins market expanded slightly to $X in 2022, picking up by X% against the previous year. In general, consumption showed prominent growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Medicaments Containing Vitamins Production in Kuwait

In value terms, medicaments containing vitamins production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a measured increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Medicaments Containing Vitamins Exports

Exports from Kuwait

In 2022, the amount of medicaments containing vitamins and provitamins exported from Kuwait reduced to X tons, remaining constant against the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports fell modestly to $X in 2022. Over the period under review, exports faced a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for medicaments containing vitamins exports from Kuwait, accounting for a X% share of total exports. Moreover, medicaments containing vitamins exports to Saudi Arabia exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was taken by Jordan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jordan (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for medicaments containing vitamins and provitamins exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average medicaments containing vitamins export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Qatar ($X per ton), while the average price for exports to Bahrain ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Kuwait

In 2022, approx. X tons of medicaments containing vitamins and provitamins were imported into Kuwait; growing by X% compared with 2021. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, medicaments containing vitamins imports surged to $X in 2022. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest medicaments containing vitamins supplier to Kuwait, with a X% share of total imports. Moreover, medicaments containing vitamins imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Canada (X% per year).

In value terms, Germany ($X), Saudi Arabia ($X) and Canada ($X) were the largest medicaments containing vitamins suppliers to Kuwait, together comprising X% of total imports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average medicaments containing vitamins import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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