Asia-Pacific: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Asia-Pacific

The Asia-Pacific medical gel preparations market shrank modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Medical Gel Preparations Production in Asia-Pacific

In value terms, medical gel preparations production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports in Asia-Pacific

For the seventh consecutive year, Asia-Pacific recorded growth in shipments abroad of gel preparations for human or veterinary medicine, which increased by 16% to X tons in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, medical gel preparations exports expanded rapidly to $X in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 34%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Thailand (X tons) was the key exporter of gel preparations for human or veterinary medicine, creating 52% of total exports. It was distantly followed by China (X tons), generating a 33% share of total exports. The following exporters - India (X tons), Australia (X tons), Malaysia (X tons) and South Korea (X tons) - together made up 11% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 81% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by -4.9% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The growth pace was the most rapid in 2015 an increase of 9%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 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 India (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Medical Gel Preparations Imports

Imports in Asia-Pacific

Medical gel preparations imports fell to X tons in 2022, waning by -13.6% compared with 2021 figures. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2017 when imports increased by 165% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical gel preparations imports contracted to $X in 2022. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 70%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons), distantly followed by Myanmar (X tons), China (X tons), Malaysia (X tons), Japan (X tons), Singapore (X tons), Hong Kong SAR (X tons), Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons) were the main importers of gel preparations for human or veterinary medicine, together achieving 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medical gel preparations importing markets in Asia-Pacific were China ($X), Myanmar ($X) and Australia ($X), together comprising 37% of total imports. Vietnam, Malaysia, Singapore, Indonesia, Hong Kong SAR, Japan and the Philippines lagged somewhat behind, together accounting for a further 35%.

In terms of the main importing countries, Vietnam, with a CAGR of +17.7%, recorded the highest rates of growth with regard to 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 2022, almost unchanged from the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical gel preparations import price increased by +113.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 62%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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