Asia-Pacific: Surgical Glove Market 2024

Surgical Glove Market Size in Asia-Pacific

In 2022, the Asia-Pacific surgical glove market decreased by -1% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level of $X, leveling off in the following year.

Surgical Glove Production in Asia-Pacific

In value terms, surgical glove production expanded notably to $X in 2022 estimated in export price. In general, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Surgical Glove Exports

Exports in Asia-Pacific

In 2022, the amount of surgical gloves exported in Asia-Pacific surged to X tons, jumping by 38% against 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 122% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, surgical glove exports surged to $X in 2022. In general, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 when exports increased by 85%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) represented the major exporter of surgical gloves, achieving 76% of total exports. It was distantly followed by China (X tons), making up a 16% share of total exports. Sri Lanka (X tons) and Indonesia (X tons) held a minor share of total exports.

Exports from Malaysia increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Indonesia (+31.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.4% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Sri Lanka (-1.0%) illustrated a downward trend over the same period. Malaysia (+14 p.p.) and Indonesia (+1.9 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, Malaysia ($X) remains the largest surgical glove supplier in Asia-Pacific, comprising 61% of total exports. The second position in the ranking was taken by China ($X), with a 24% share of total exports. It was followed by Sri Lanka, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at +3.2%. In the other countries, the average annual rates were as follows: China (+7.5% per year) and Sri Lanka (+4.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, declining by -5.5% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, surgical glove export price increased by +59.8% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 31%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.3%), while the other leaders experienced more modest paces of growth.

Surgical Glove Imports

Imports in Asia-Pacific

Surgical glove imports reached X tons in 2022, remaining stable against the year before. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, surgical glove imports reduced to $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

The purchases of the eight major importers of surgical gloves, namely Hong Kong SAR, Thailand, Indonesia, Japan, South Korea, Australia, China and India, represented more than two-thirds of total import. The following importers - Malaysia (X tons), Taiwan (Chinese) (X tons), New Zealand (X tons), Myanmar (X tons) and the Philippines (X tons) - together made up 14% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported surgical gloves in Asia-Pacific, comprising 24% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Indonesia, with a 9.4% share.

In Japan, surgical glove imports expanded at an average annual rate of +5.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+7.7% per year) and Indonesia (+11.2% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, declining by -9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 an increase of 22%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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