Asia-Pacific: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in Asia-Pacific

In 2021, after three years of growth, there was significant decline in the Asia-Pacific adhesive dressings market, when its value decreased by -5.1% to $X. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Adhesive Dressings Production in Asia-Pacific

In value terms, adhesive dressings production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Adhesive Dressings Exports

Exports in Asia-Pacific

In 2021, exports of adhesive dressings or similar articles in Asia-Pacific soared to X tons, rising by 21% compared with 2020 figures. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.0% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.6% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the largest exporter of adhesive dressings or similar articles, creating 69% of total exports. It was distantly followed by Japan (X tons), achieving a 16% share of total exports. Thailand (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Singapore (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +6.8% from 2012 to 2021. At the same time, Hong Kong SAR (+22.2%), Singapore (+17.4%), South Korea (+4.5%) and Thailand (+1.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.2% from 2012-2021. Japan experienced a relatively flat trend pattern. While the share of China (+13 p.p.) and Hong Kong SAR (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest adhesive dressings supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was held by Japan ($X), with a 26% share of total exports. It was followed by Hong Kong SAR, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +9.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.7% per year) and Hong Kong SAR (+29.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the export price increased by 7%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the other leaders experienced more modest paces of growth.

Adhesive Dressings Imports

Imports in Asia-Pacific

In 2021, approx. X tons of adhesive dressings or similar articles were imported in Asia-Pacific; growing by 27% on 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.9% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of adhesive dressings imports in 2021 were South Korea (X tons), China (X tons), Malaysia (X tons), Australia (X tons), Hong Kong SAR (X tons), Japan (X tons), the Philippines (X tons), Singapore (X tons), Vietnam (X tons), India (X tons) and Taiwan (Chinese) (X tons), together recording 88% of total import. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive dressings importing markets in Asia-Pacific were China ($X), Japan ($X) and Australia ($X), together comprising 53% of total imports.

In terms of the main importing countries, China, with a CAGR of +16.0%, recorded the highest growth rate of the value of imports, 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 Asia-Pacific stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 an increase of 10% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($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 (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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