Australia and Oceania: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Australia and Oceania

In 2022, the medical gel preparations market in Australia and Oceania decreased by -6% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Medical Gel Preparations Production in Australia and Oceania

In value terms, medical gel preparations production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 47%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports in Australia and Oceania

Medical gel preparations exports dropped to X tons in 2022, falling by -14.8% on the previous year's figure. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 155% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports reduced sharply to $X in 2022. Over the period under review, exports, however, showed measured growth. The pace of growth was the most pronounced in 2016 when exports increased by 144%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was approx. 97% of total exports in 2022. New Zealand (X tons) held a relatively small share of total exports.

Exports from Australia increased at an average annual rate of +9.8% from 2012 to 2022. At the same time, New Zealand (+12.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +12.5% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest medical gel preparations supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.7% share of total exports.

In Australia, medical gel preparations exports expanded at an average annual rate of +3.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by -30.2% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by 11%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.8%).

Medical Gel Preparations Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in supplies from abroad of gel preparations for human or veterinary medicine, which increased by 11% to X tons in 2022. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 61%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations imports dropped to $X in 2022. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was approx. 92% of total imports in 2022. New Zealand (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, New Zealand (+6.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.2% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported gel preparations for human or veterinary medicine in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total imports.

In Australia, medical gel preparations imports increased at an average annual rate of +9.4% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, dropping by -15% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 decreased by -36.3% against 2017 indices. The growth pace was the most rapid in 2017 when the import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

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 New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :