How The Saudi Arabia Pharma Logistics Market Is Positioned?
Saudi Arabia Pharma logistics market showcased a volatile growth trajectory. Pharma logistics revenue stood at USD ~ Million in 2019 and further grew at a CAGR of ~% during 2014-2019. The market witnessed a downfall during 2016-2017 due to oil price shock further leading to an economic slowdown. The pharma industry in Saudi Arabia is majorly dependent on the imports from various countries. Saudi Arabia’s Vision 2030 and the NTP’s priorities for job creation and economic diversification provided a strong incentive for both the private and public sector to develop the life sciences industry in general, and pharmaceuticals. The Saudi Arabian Government’s attempts to reduce its dependence on oil and increase inward investment through its Vision 2030 economic policy has allowed 100% FDI in the pharma sector boosting the growth of the market.
Import value of pharma was observed to grow from USD ~ Million in 2016 to USD ~ Million in 2019, whereas, the export value for pharma was observed to decline from USD ~ Million in 2016 to USD ~ Million in the year 2019 respectively. Development in infrastructure facilities coupled with government initiatives has collectively improved the capacity of the ports during 2016-2018.
Large investments in road infrastructure under Saudi Vision 2030, a 680 Km Saudi-Oman highway and the UAE-Saudi Mafraq-Ghuwaifat International Highway underway. The government of Saudi Arabia is working on new multi-mode logistic stations and two new railway lines to link GCC countries in the east & Yanbu-Jeddah in the west.
Saudi Arabia Pharma Logistics Market Segmentation
By Service Mix (Freight Forwarding, Warehousing and Value-Added Services)
The logistics industry is fragmented with few players majorly focusing on the pharma end users. Large numbers of pharma companies are having their own warehouses and fleet for transportation and avoid outsourcing the logistics services. The warehousing segment of the pharma logistics market is the biggest contributor to growth in this sector and was observed to dominate with a market share of ~% in 2019. The market size for warehousing segment of pharma logistics market was recorded at USD ~ million in 2019. The cities of Jeddah and Riyadh have been the most populous cities in the kingdom. These cities also account for most of the industrial areas consisting of large number of pharma companies, indicate a high demand for warehousing services. Value added services in pharma logistics market include packaging, custom clearance, stickering & labeling, barcoding, sorting, cargo insurance and others
Trade Scenario Within Saudi Arabia Pharma Logistics Market
Majority import for pharma products was observed from Germany, followed by USA, France, Ireland and others. The UAE dominated the market with majority market share in terms of pharma export value followed by Iraq, Kuwait, Egypt and others.
Key Segments Covered in KSA Pharma Logistics Market: –
By Service Mix
Value Added Services
KSA Pharma Freight Forwarding Market
By Mode of Freight
By Type of Transport
By 3PL & Integrated Logistics
By Type of Delivery
By Flow Corridors
Others (North America, South America & Africa Region)
KSA Pharma Warehousing Market
By 3PL & Integrated Logistics
By Type of Warehouse
Key Target Audience
International Domestic Freight Forwarders
Pharmaceutical Dealers and Distributors
Ministry of Health
Time Period Captured in the Report:
Historical Period: 2014-2019
Forecast Period: 2019–2025
Oriental Commercial & Shipping Co.
Hala Shipping Services
Arabian Transport Co.
3 Camel Logistics
Motion Supply Chain
Pharma Companies Covered:
Saja Pharma (Tamer Group)
Key Topics Covered in the Report: –
Saudi Arabia Overview and Major Economic & Logistics Zones
Economic zones in Saudi Arabia
Logistics Parks in Saudi Arabia
Cross Comparison of Pharma Logistics Market with GCC Countries
Saudi Arabia Pharmaceutical Manufacturing Clusters
End-User Analysis (Pharma)
Saudi Arabia Pharma Logistics Market
Saudi Arabia Pharma Freight Forwarding Market
Saudi Arabia Pharma Warehousing Market
Industry Analysis (SWOT Analysis, Trade Scenario, Regulations for Import & Export)
Covid-19 Impact on the Pharma Logistics Market
Comparative Landscape – KSA Pharma Logistics Market
Comparative Landscape in Saudi Arabia Pharma Market
Recommendations / Success Factors
For More Info on the Research Report, Click on the Below Link: –
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Ankur Gupta, Head Marketing & Communications