China: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in China

In 2022, the Chinese adhesive bandage market decreased by -14.7% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Adhesive Bandage Production in China

In value terms, adhesive bandage production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Adhesive Bandage Exports

Exports from China

Adhesive bandage exports from China surged to X tons in 2022, increasing by 39% on the previous year's figure. In general, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage exports skyrocketed to $X in 2022. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for adhesive bandage exports from China, with a 29% share of total exports. Moreover, adhesive bandage exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+25.3% per year) and the UK (+4.9% per year).

In value terms, the United States ($X) remains the key foreign market for adhesive bandages exports from China, comprising 34% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports. It was followed by Singapore, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+38.4% per year) and Singapore (+46.7% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, reducing by -8.3% 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 2013 when the average export price increased by 8.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into China

In 2022, imports of adhesive bandages into China expanded slightly to X tons, picking up by 2.8% compared with 2021 figures. Overall, imports saw strong growth. The growth pace was the most rapid in 2014 with an increase of 42%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, adhesive bandage imports shrank modestly to $X in 2022. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

Japan (X tons), Cambodia (X tons) and the United States (X tons) were the main suppliers of adhesive bandage imports to China, with a combined 64% share of total imports. Germany, Taiwan (Chinese), Mexico, the UK and South Korea lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +125.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) constituted the largest adhesive bandage suppliers to China, together comprising 61% of total imports. These countries were followed by Mexico, Taiwan (Chinese), Cambodia, the UK and South Korea, which together accounted for a further 16%.

Among the main suppliers, Mexico, with a CAGR of +134.2%, saw the highest growth rate of 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 average adhesive bandage import price stood at $X per ton in 2022, declining by -7.3% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Cambodia ($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 (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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