Oman: Antibiotic Market 2024

Antibiotic Market Size in Oman

The Omani antibiotic market reduced to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Antibiotic Production in Oman

In value terms, antibiotic production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with a decrease of X%. Antibiotic production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Antibiotic Exports

Exports from Oman

In 2022, approx. X tons of antibiotics were exported from Oman; which is down by X% compared with the previous year's figure. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, antibiotic exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

Qatar (X tons) was the main destination for antibiotic exports from Oman, with a X% share of total exports. Moreover, antibiotic exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold. Jordan (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for antibiotic exported from Oman were the United Arab Emirates ($X), Jordan ($X) and Qatar ($X), together comprising X% of total exports.

In terms of the main countries of destination, the United Arab Emirates, 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

In 2022, the average antibiotic export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Qatar ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Antibiotic Imports

Imports into Oman

After two years of growth, purchases abroad of antibiotics decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell notably in the following year.

In value terms, antibiotic imports reduced to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Greece (X tons) and Belgium (X tons) were the main suppliers of antibiotic imports to Oman, together comprising X% of total imports.

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

In value terms, the largest antibiotic suppliers to Oman were India ($X), China ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Greece, the Netherlands, Malaysia and Belgium lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 antibiotic import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 India ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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