ASEAN: Surgical Glove Market 2024

Surgical Glove Market Size in ASEAN

In 2022, the ASEAN surgical glove market decreased by -12.6% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Surgical Glove Production in ASEAN

In value terms, surgical glove production totaled $X in 2022 estimated in export price. In general, production recorded strong growth. The growth pace was the most rapid in 2017 with an increase of 94%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Surgical Glove Exports

Exports in ASEAN

In 2022, surgical glove exports in ASEAN skyrocketed to X tons, jumping by 71% against 2021. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 172% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, surgical glove exports soared to $X in 2022. In general, exports recorded a mild expansion. The pace of growth was the most pronounced in 2017 with an increase of 119% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia dominates exports structure, accounting for X tons, which was near 96% of total exports in 2022. Indonesia (X tons) took a little share of total exports.

Exports from Malaysia increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Indonesia (+31.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +31.4% from 2012-2022. Malaysia (+15 p.p.) and Indonesia (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest surgical glove supplier in ASEAN, comprising 90% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 7.8% share of total exports.

In Malaysia, surgical glove exports increased at an average annual rate of +3.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, which is down by -9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

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 Indonesia ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.3%).

Surgical Glove Imports

Imports in ASEAN

In 2022, purchases abroad of surgical gloves increased by 8.1% to X tons, rising for the fourth year in a row after three years of decline. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, surgical glove imports reduced to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 69% of total imports in 2022. Malaysia (X tons) held the next position in the ranking, followed by Myanmar (X tons) and the Philippines (X tons). All these countries together took near 23% share of total imports. Singapore (X tons) and Vietnam (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported surgical gloves in ASEAN, comprising 42% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Thailand, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +11.2%. In the other countries, the average annual rates were as follows: Malaysia (+23.3% per year) and Thailand (+4.6% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, which is down by -10.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2017 when the import price increased by 16%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

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 Malaysia ($X per ton), while Thailand ($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 (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform