Asia: First-Aid Kit Market 2024

First-Aid Kit Market Size in Asia

In 2022, the Asian first-aid kit market decreased by -0.3% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

First-Aid Kit Production in Asia

In value terms, first-aid kit production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 11%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

First-Aid Kit Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in overseas shipments of first-aid boxes and kits, which increased by 13% to X tons in 2022. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.6% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, first-aid kit exports soared to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +118.3% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 96% of total exports in 2022. Turkey (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to first-aid kit exports from China stood at +7.6%. At the same time, Turkey (+11.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +11.2% from 2012-2022. China (+6.1 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, China ($X) remains the largest first-aid kit supplier in Asia, comprising 95% of total exports. The second position in the ranking was taken by Turkey ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +9.4%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by 2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 an increase of 8.6%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%).

First-Aid Kit Imports

Imports in Asia

In 2022, approx. X tons of first-aid boxes and kits were imported in Asia; waning by -12.7% against the year before. In general, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, first-aid kit imports declined to $X in 2022. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Malaysia (X tons), Kuwait (X tons), Singapore (X tons) and Turkey (X tons) were the largest importers of first-aid boxes and kits, together mixing up 54% of total imports. Afghanistan (X tons), Qatar (X tons), Kazakhstan (X tons), Hong Kong SAR (X tons), Iraq (X tons), Yemen (X tons), Oman (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported first-aid boxes and kits in Asia, comprising 21% of total imports. The second position in the ranking was taken by Singapore ($X), with a 7.1% share of total imports. It was followed by Turkey, with a 6.9% share.

In the United Arab Emirates, first-aid kit imports decreased by an average annual rate of -5.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+4.9% per year) and Turkey (+10.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, growing by 9.7% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The level of import peaked at $X per ton in 2017; however, from 2018 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 South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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