Updated Sep 19, 2022 17:37

Market for Penicillins Or Streptomycins Medicaments in the United Arab Emirates

Market Overview
After five years of growth, the penicillins or streptomycins medicaments market in the United Arab Emirates decreased by -% to $ in . In general, the total consumption indicated a resilient increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Penicillins or streptomycins medicaments consumption peaked at $ in , and then declined slightly in the following year.

In value terms, penicillins or streptomycins medicaments production contracted to $ in estimated in export price. In general, production, however, showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Penicillins or streptomycins medicaments production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.


Consumption
In , penicillins or streptomycins medicaments consumption in the United Arab Emirates reduced to tons, with a decrease of -% compared with the previous year. Overall, the total consumption indicated a measured increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption reached the peak volume of tons. From 2009 to , the growth of the consumption remained at a somewhat lower figure.

The revenue of the penicillins or streptomycins medicaments market in the United Arab Emirates shrank modestly to $ in , almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Penicillins or streptomycins medicaments consumption peaked at $ in , and then shrank in the following year.


Market Forecast
Driven by increasing demand for penicillins or streptomycins medicaments in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth. Penicillins or streptomycins medicaments market in the United Arab Emirates consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
The United Arab Emirates remains a net importer of penicillins or streptomycins medicaments; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.