ASEAN: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in ASEAN

In 2022, the ASEAN x-ray examination preparations market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

X-Ray Examination Preparations Production in ASEAN

In value terms, x-ray examination preparations production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% 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 2015 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports in ASEAN

In 2022, x-ray examination preparations exports in ASEAN declined rapidly to X tons, shrinking by -59.8% against the previous year. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 264%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, x-ray examination preparations exports dropped sharply to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 280%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Thailand (X tons) and Singapore (X tons) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +68.1%).

In value terms, Singapore ($X) remains the largest x-ray examination preparations supplier in ASEAN, comprising 67% of total exports. The second position in the ranking was taken by Thailand ($X), with a 31% share of total exports.

In Singapore, x-ray examination preparations exports increased at an average annual rate of +25.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of 27% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 78%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.0%).

X-Ray Examination Preparations Imports

Imports in ASEAN

In 2022, imports of opacifying preparations for x-ray examinations in ASEAN rose rapidly to X tons, with an increase of 10% on the previous year's figure. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 21%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, x-ray examination preparations imports expanded sharply to $X in 2022. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented roughly 57% of total imports in 2022. Singapore (X tons) took the next position in the ranking, followed by Indonesia (X tons), the Philippines (X tons) and Malaysia (X tons). All these countries together took near 43% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 73% of total imports.

Vietnam, with a CAGR of +20.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, dropping by -3.2% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, x-ray examination preparations import price decreased by -9.0% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 25%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform