ASEAN: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in ASEAN

In 2021, the ASEAN respiration apparatus market increased by 45% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate buoyant growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Respiration Apparatus Production in ASEAN

In value terms, respiration apparatus production expanded to $X in 2021 estimated in export price. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 180%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Respiration Apparatus Exports

Exports in ASEAN

In 2021, shipments abroad of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus decreased by -4.1% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 354% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, respiration apparatus exports stood at $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 255%. The level of export peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

Singapore was the main exporter of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus in ASEAN, with the volume of exports recording X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Malaysia (X tons), constituting a 33% share of total exports. The following exporters - Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) - each amounted to a 6.1% share of total exports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +79.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest respiration apparatus supplier in ASEAN, comprising 91% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 6.8% share of total exports. It was followed by Indonesia, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +61.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+9.2% per year) and Indonesia (+92.3% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, surging by 8% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, respiration apparatus export price increased by +15.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 90%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Respiration Apparatus Imports

Imports in ASEAN

In 2021, the amount of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imported in ASEAN surged to X tons, jumping by 27% on the year before. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 56%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, respiration apparatus imports skyrocketed to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 61%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) and Singapore (X tons) were the largest importers of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus in ASEAN, together resulting at near 59% of total imports. Thailand (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (10%), Malaysia (7.2%) and Vietnam (5.5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest respiration apparatus importing markets in ASEAN were Singapore ($X), Indonesia ($X) and Thailand ($X), with a combined 78% share of total imports.

Indonesia, with a CAGR of +30.3%, saw the highest rates of growth with regard to 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 2021, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform