Asia-Pacific: First-Aid Kit Market 2024

First-Aid Kit Market Size in Asia-Pacific

In 2022, the Asia-Pacific first-aid kit market decreased by -1% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

First-Aid Kit Production in Asia-Pacific

In value terms, first-aid kit production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

First-Aid Kit Exports

Exports in Asia-Pacific

In 2022, first-aid kit exports in Asia-Pacific soared to X tons, growing by 17% on the previous year. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +105.1% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, first-aid kit exports surged to $X in 2022. Overall, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Australia (X tons), constituting a 4.5% share of total exports.

Exports from China increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, Australia (+49.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +49.3% from 2012-2022. From 2012 to 2022, the share of Australia and China increased by +4.3 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest first-aid kit supplier in Asia-Pacific, comprising 90% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.6% share of total exports.

In China, first-aid kit exports increased at an average annual rate of +9.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, picking up by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.4%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while China 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-Pacific

In 2022, approx. X tons of first-aid boxes and kits were imported in Asia-Pacific; picking up by 2.6% on the previous year's figure. The total import volume increased at an average annual rate of +2.8% 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 2014 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, first-aid kit imports reached $X in 2022. The total import value increased at an average annual rate of +1.7% 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 2014 when imports increased by 33% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was approx. 59% of total imports in 2022. Malaysia (X tons) ranks second in terms of the total imports with an 8.9% share, followed by New Zealand (7.2%) and Singapore (5.8%). Afghanistan (X tons), Hong Kong SAR (X tons) and South Korea (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to first-aid kit imports into Australia stood at +5.0%. At the same time, Afghanistan (+10.3%), New Zealand (+8.6%), South Korea (+8.0%), Hong Kong SAR (+6.4%), Malaysia (+4.0%) and Singapore (+3.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +10.3% from 2012-2022. Australia (+11 p.p.), New Zealand (+3 p.p.) and Afghanistan (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported first-aid boxes and kits in Asia-Pacific, comprising 50% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 6.1% share of total imports. It was followed by Singapore, with a 5.9% share.

In Australia, first-aid kit imports increased at an average annual rate of +7.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+4.9% per year) and Singapore (+4.9% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, which is down by -1.7% against the previous year. In general, the import price recorded a slight downturn. The growth pace was the most rapid in 2018 an increase of 7.3%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 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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