Asia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Asia

The Asian x-ray examination preparations market totaled $X in 2022, picking up by 2.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 9.1% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

X-Ray Examination Preparations Production in Asia

In value terms, x-ray examination preparations production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 9.4% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

X-Ray Examination Preparations Exports

Exports in Asia

In 2022, approx. X tons of opacifying preparations for x-ray examinations were exported in Asia; declining by -3.5% on the year before. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +30.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, x-ray examination preparations exports declined rapidly to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 33% against the previous year. The level of export peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 88% of total exports in 2022. India (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to x-ray examination preparations exports from China stood at +5.9%. At the same time, Turkey (+66.4%) and India (+5.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +66.4% from 2012-2022. Turkey (+2 p.p.) and China (+1.8 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 ($X) remains the largest x-ray examination preparations supplier in Asia, comprising 80% of total exports. The second position in the ranking was taken by India ($X), with a 2.4% share of total exports.

In China, x-ray examination preparations exports expanded at an average annual rate of +3.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.2% per year) and Turkey (+57.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, dropping by -37.3% against the previous year. Overall, the export price saw a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of 17% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the other leaders experienced a decline in the export price figures.

X-Ray Examination Preparations Imports

Imports in Asia

X-ray examination preparations imports surged to X tons in 2022, jumping by 16% against the previous year. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 16%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, x-ray examination preparations imports stood at $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 20%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), India (X tons) and Hong Kong SAR (X tons) were the major importers of opacifying preparations for x-ray examinations, together creating 66% of total imports. Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Israel (X tons), Pakistan (X tons), Saudi Arabia (X tons), Iran (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +48.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported opacifying preparations for x-ray examinations in Asia, comprising 33% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by South Korea, with a 13% share.

In China, x-ray examination preparations imports increased at an average annual rate of +11.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-6.3% per year) and South Korea (+3.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, waning by -12.7% against the previous year. Over the period under review, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2019 when the import price increased by 5.2% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Iran ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :