MENA: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in MENA

In 2023, the MENA's medicaments containing penicillin market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption, however, saw a deep setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Medicaments Containing Penicillin Production in MENA

In value terms, medicaments containing penicillin production dropped rapidly to $X in 2023 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports in MENA

In 2023, overseas shipments of medicaments containing penicillins or derivatives thereof decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports declined modestly to $X in 2023. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Jordan (X tons) was the main exporter of medicaments containing penicillins or derivatives thereof, creating X% of total exports. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports. The following exporters - Algeria (X tons) and Kuwait (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to medicaments containing penicillin exports from Jordan stood at X%. At the same time, Algeria (X%), Saudi Arabia (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Jordan, Saudi Arabia and Algeria increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Jordan amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 MENA

In 2023, overseas purchases of medicaments containing penicillins or derivatives thereof increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports saw mild growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin imports surged to $X in 2023. Overall, imports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of medicaments containing penicillin imports in 2023 were Turkey (X tons), Saudi Arabia (X tons), Algeria (X tons) and Libya (X tons), together finishing at X% of total import. The United Arab Emirates (X tons) took the next position in the ranking, followed by Oman (X tons). All these countries together took near X% share of total imports. Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Algeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Algeria amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Turkey (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, leveling off at the previous year. In general, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform