ASEAN: First-Aid Kit Market 2024

First-Aid Kit Market Size in ASEAN

The ASEAN first-aid kit market shrank to $X in 2022, approximately mirroring the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 5.5%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

First-Aid Kit Production in ASEAN

In value terms, first-aid kit production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 3.6%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

First-Aid Kit Exports

Exports in ASEAN

After two years of growth, shipments abroad of first-aid boxes and kits decreased by -44.2% to X tons in 2022. Overall, exports continue to indicate a slight setback. The growth pace was the most rapid in 2014 with an increase of 260% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, first-aid kit exports dropped sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 235% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X tons) was the largest exporter of first-aid boxes and kits, constituting 46% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Thailand (X tons) and Vietnam (X tons). All these countries together held approx. 54% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +3.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, together comprising 87% of total exports.

Thailand, with a CAGR of +10.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with an increase of 21% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, first-aid kit export price increased by +105.3% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 36%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.3%), while the other leaders experienced more modest paces of growth.

First-Aid Kit Imports

Imports in ASEAN

In 2022, after six years of growth, there was significant decline in purchases abroad of first-aid boxes and kits, when their volume decreased by -26.3% to X tons. Overall, imports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of 137% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, first-aid kit imports shrank rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 135%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Malaysia was the key importer of first-aid boxes and kits in ASEAN, with the volume of imports reaching X tons, which was near 43% of total imports in 2022. Singapore (X tons) held a 28% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (7.4%), Thailand (6.1%) and Indonesia (5.4%). The following importers - Vietnam (X tons) and Myanmar (X tons) - together made up 6.3% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 81% of total imports. The Philippines, Indonesia, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 15%.

In terms of the main importing countries, Myanmar, with a CAGR of +27.8%, recorded the highest rates of growth with regard to 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 ASEAN amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 when the import price increased by 7.2% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform