Eastern Asia: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian adhesive dressings market, when its value decreased by -8% to $X. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Adhesive Dressings Production in Eastern Asia

In value terms, adhesive dressings production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 32%. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Adhesive Dressings Exports

Exports in Eastern Asia

In 2021, the amount of adhesive dressings or similar articles exported in Eastern Asia skyrocketed to X tons, with an increase of 21% on the previous year. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.7% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.2% against 2014 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the main exporter of adhesive dressings or similar articles, mixing up 75% of total exports. It was distantly followed by Japan (X tons), making up a 17% share of total exports. The following exporters - Hong Kong SAR (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up 7.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to adhesive dressings exports from China stood at +6.8%. At the same time, Hong Kong SAR (+22.2%) and South Korea (+4.5%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +22.2% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.8%) illustrated a downward trend over the same period. While the share of China (+8.3 p.p.) and Hong Kong SAR (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-1.7 p.p.) and Japan (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest adhesive dressings supplier in Eastern Asia, comprising 57% of total exports. The second position in the ranking was taken by Japan ($X), with a 28% share of total exports. It was followed by Hong Kong SAR, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +9.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.7% per year) and Hong Kong SAR (+29.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 5.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 when the export price increased by 10%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.2%), while the other leaders experienced more modest paces of growth.

Adhesive Dressings Imports

Imports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded growth in overseas purchases of adhesive dressings or similar articles, which increased by 30% to X tons in 2021. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings imports surged to $X in 2021. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons) and China (X tons) were the main importers of adhesive dressings or similar articles in 2021, accounting for approx. 37% and 25% of total imports, respectively. It was distantly followed by Hong Kong SAR (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together comprising a 37% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 83% share of total imports.

Among the main importing countries, China, with a CAGR of +16.0%, 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

In 2021, the import price in Eastern Asia amounted to $X per ton, rising by 8.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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