China: Medical Steriliser Market 2024

Medical Steriliser Market Size in China

The Chinese medical steriliser market expanded slightly to $X in 2022, increasing by 4.2% against the previous year. Overall, consumption, however, showed a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Medical Steriliser Production in China

In value terms, medical steriliser production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% 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 2017 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Medical Steriliser Exports

Exports from China

In 2022, overseas shipments of medical, surgical or laboratory sterilisers decreased by -3% to X units, falling for the second consecutive year after nine years of growth. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical steriliser exports shrank to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for medical steriliser exports from China, with a 17% share of total exports. Moreover, medical steriliser exports to the United States exceeded the volume sent to the second major destination, Russia (X units), twofold. Malaysia (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+37.6% per year) and Malaysia (+39.2% per year).

In value terms, the largest markets for medical steriliser exported from China were the United States ($X), Russia ($X) and Indonesia ($X), with a combined 22% share of total exports. These countries were followed by Poland, India, Vietnam, South Korea, Germany, the UK, Malaysia, Thailand, Denmark and the Philippines, which together accounted for a further 21%.

Among the main countries of destination, Denmark, with a CAGR of +102.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average medical steriliser export price amounted to $X per unit, which is down by -3.9% against the previous year. In general, the export price faced a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by 10%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-6.6%), while the prices for the other major destinations experienced a decline.

Medical Steriliser Imports

Imports into China

In 2022, medical steriliser imports into China dropped dramatically to X units, declining by -29.8% against the year before. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 44%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports contracted notably to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period 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 2021 when imports increased by 28%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Germany (X units), Switzerland (X units) and Canada (X units) were the main suppliers of medical steriliser imports to China, together comprising 50% of total imports. These countries were followed by Italy, the United States, Japan, Slovenia, France, Sweden, the UK, Israel and Mexico, which together accounted for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +114.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Sweden ($X) constituted the largest medical steriliser suppliers to China, together comprising 50% of total imports. These countries were followed by Slovenia, Canada, Germany, France, Japan, Switzerland, the UK, Mexico and Israel, which together accounted for a further 38%.

Slovenia, with a CAGR of +152.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical steriliser import price stood at $X per unit in 2022, with an increase of 8.4% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical steriliser import price increased by +81.5% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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