Middle East: Antibiotic Market 2024

Antibiotic Market Size in the Middle East

In 2022, the Middle Eastern antibiotic market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Antibiotic Production in the Middle East

In value terms, antibiotic production rose modestly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Antibiotic Exports

Exports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in shipments abroad of antibiotics, which increased by X% to X tons in 2022. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, antibiotic exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X tons, which recorded X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Israel (X%) and Oman (X%). Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest antibiotic supplying countries in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total exports. Oman and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of 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 export price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Antibiotic Imports

Imports in the Middle East

In 2022, imports of antibiotics in the Middle East reduced markedly to X tons, which is down by X% against the previous year's figure. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, antibiotic imports contracted rapidly to $X in 2022. Overall, imports recorded a perceptible slump. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) represented the largest importer of antibiotics, comprising X% of total imports. Iran (X tons) held the second position in the ranking, followed by Jordan (X tons), the United Arab Emirates (X tons) and Oman (X tons). All these countries together held approx. X% share of total imports. The following importers - Iraq (X tons) and Syrian Arab Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to antibiotic imports into Turkey stood at X%. At the same time, Oman (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), the United Arab Emirates (X%), Jordan (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Oman (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Iran, the United Arab Emirates, Syrian Arab Republic and Jordan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported antibiotics in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an X% share of total imports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Jordan (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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