Middle East: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in the Middle East

The Middle Eastern medicaments containing vitamins market reduced notably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Vitamins Production in the Middle East

In value terms, medicaments containing vitamins production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Medicaments Containing Vitamins Exports

Exports in the Middle East

After four years of decline, overseas shipments of medicaments containing vitamins and provitamins increased by X% to X tons in 2022. Over the period under review, exports showed mild growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins exports soared to $X in 2022. In general, exports posted a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%). Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to medicaments containing vitamins exports from the United Arab Emirates stood at X%. At the same time, Turkey (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest medicaments containing vitamins supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, saw slight growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Medicaments Containing Vitamins Imports

Imports in the Middle East

In 2022, after two years of growth, there was significant decline in purchases abroad of medicaments containing vitamins and provitamins, when their volume decreased by X% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, medicaments containing vitamins imports reduced sharply to $X in 2022. Overall, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Iraq (X tons) and the United Arab Emirates (X tons) were the largest importers of medicaments containing vitamins and provitamins in 2022, finishing at near X% and X% of total imports, respectively. Oman (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Yemen (X%), Turkey (X%), Kuwait (X%), Iran (X%) and Qatar (X%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw 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

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :