China: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in China

In 2022, the Chinese medical gel preparations market decreased by -1.4% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Medical Gel Preparations Production in China

In value terms, medical gel preparations production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 11%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from China

In 2022, medical gel preparations exports from China soared to X tons, growing by 18% compared with 2021 figures. In general, exports recorded resilient growth. The growth pace was the most rapid in 2017 when exports increased by 35%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, medical gel preparations exports expanded markedly to $X in 2022. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 66%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for medical gel preparations exports from China, with a 27% share of total exports. Moreover, medical gel preparations exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.9% per year) and Japan (+0.5% per year).

In value terms, the United States ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from China, comprising 24% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.8% share of total exports. It was followed by Australia, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+18.1% per year) and Australia (+35.0% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, with a decrease of -8.1% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price 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. Based on 2022 figures, medical gel preparations export price increased by +47.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Colombia ($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 Australia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into China

In 2022, supplies from abroad of gel preparations for human or veterinary medicine decreased by -24.7% to X tons, falling for the third year in a row after eight years of growth. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, medical gel preparations imports dropped markedly to $X in 2022. Overall, imports, however, posted moderate growth. The pace of growth appeared the most rapid in 2015 with an increase of 70%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest medical gel preparations supplier to China, accounting for a 59% share of total imports. Moreover, medical gel preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+147.1% per year) and Denmark (+46.7% per year).

In value terms, the United States ($X), Ireland ($X) and Israel ($X) were the largest medical gel preparations suppliers to China, with a combined 77% share of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +139.7%, saw 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 average medical gel preparations import price stood at $X per ton in 2022, which is down by -4.6% against the previous year. Over the period under review, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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