ASEAN: Medical Steriliser Market 2024

Medical Steriliser Market Size in ASEAN

In 2022, after two years of growth, there was significant decline in the ASEAN medical steriliser market, when its value decreased by -9.3% to $X. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Medical Steriliser Production in ASEAN

In value terms, medical steriliser production declined remarkably to $X in 2022 estimated in export price. In general, production recorded a dramatic curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 262% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Medical Steriliser Exports

Exports in ASEAN

In 2022, the amount of medical, surgical or laboratory sterilisers exported in ASEAN shrank sharply to X units, with a decrease of -25.9% on the year before. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 101%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical steriliser exports dropped slightly to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 88% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the main exporting country with an export of about X units, which accounted for 64% of total exports. Indonesia (X units) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (8.2%) and Malaysia (7.6%). Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to medical steriliser exports from Singapore stood at -11.5%. At the same time, Vietnam (+72.5%), Malaysia (+15.6%) and Indonesia (+1.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +72.5% from 2012-2022. By contrast, Thailand (-10.0%) illustrated a downward trend over the same period. While the share of Indonesia (+9.4 p.p.), Vietnam (+8.2 p.p.) and Malaysia (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-24.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest medical steriliser supplier in ASEAN, comprising 66% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Indonesia, with a 9.7% share.

In Singapore, medical steriliser exports decreased by an average annual rate of -9.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+19.0% per year) and Indonesia (+4.2% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, surging by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the other leaders experienced more modest paces of growth.

Medical Steriliser Imports

Imports in ASEAN

In 2022, imports of medical, surgical or laboratory sterilisers in ASEAN declined to X units, which is down by -8.6% compared with 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 26%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, medical steriliser imports declined to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units), Thailand (X units), Vietnam (X units) and Malaysia (X units) was the key importer of medical, surgical or laboratory sterilisers in ASEAN, constituting 81% of total import. Singapore (X units) ranks next in terms of the total imports with a 7.7% share, followed by Cambodia (6.6%). The Philippines (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of +24.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medical steriliser importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Thailand ($X), together comprising 63% of total imports. Malaysia, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further 35%.

Among the main importing countries, Cambodia, with a CAGR of +20.7%, saw the highest growth rate of 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 unit, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2014 when the import price increased by 13% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 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 Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform