Asia-Pacific: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Asia-Pacific

The Asia-Pacific x-ray examination preparations market stood at $X in 2022, with an increase of 2.7% against the previous year. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.9% against the previous year. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

X-Ray Examination Preparations Production in Asia-Pacific

In value terms, x-ray examination preparations production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 10% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports in Asia-Pacific

X-ray examination preparations exports contracted modestly to X tons in 2022, reducing by -3.7% on 2021 figures. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +29.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, x-ray examination preparations exports shrank markedly to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 33%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined significantly in the following year.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 90% of total exports in 2022. India (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the opacifying preparations for x-ray examinations exports, with a CAGR of +5.9% from 2012 to 2022. At the same time, India (+5.8%) displayed positive paces of growth. While the share of China (+3.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest x-ray examination preparations supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was held by India ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +3.7%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, dropping by -37.5% against the previous year. Over the period under review, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%).

X-Ray Examination Preparations Imports

Imports in Asia-Pacific

X-ray examination preparations imports soared to X tons in 2022, growing by 16% compared with 2021 figures. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +87.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations imports rose modestly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +56.1% against 2014 indices. The growth pace was the most rapid in 2019 when imports increased by 13%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), India (X tons), Hong Kong SAR (X tons) and Australia (X tons) represented the largest importers of opacifying preparations for x-ray examinations, together committing 79% of total imports. Vietnam (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Pakistan (X tons), Singapore (X tons) and Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +48.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported opacifying preparations for x-ray examinations in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +11.7%. 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-Pacific amounted to $X per ton, with a decrease of -12.2% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 5.3%. The level of import peaked 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 China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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