Eastern Asia: First-Aid Kit Market 2024

First-Aid Kit Market Size in Eastern Asia

The East Asian first-aid kit market amounted to $X in 2022, standing approx. at the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

First-Aid Kit Production in Eastern Asia

In value terms, first-aid kit production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

First-Aid Kit Exports

Exports in Eastern Asia

In 2022, the amount of first-aid boxes and kits exported in Eastern Asia expanded significantly to X tons, picking up by 13% on 2021 figures. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +108.4% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, first-aid kit exports stood at $X in 2022. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from China (X tons), together resulting at 100% of total export.

China was also the fastest-growing in terms of the first-aid boxes and kits exports, with a CAGR of +7.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest first-aid kit supplier in Eastern Asia.

In China, first-aid kit exports increased at an average annual rate of +9.4% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 an increase of 8.2%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.

First-Aid Kit Imports

Imports in Eastern Asia

In 2022, the amount of first-aid boxes and kits imported in Eastern Asia contracted rapidly to X tons, dropping by -48.4% on the previous year's figure. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 25%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, first-aid kit imports declined dramatically to $X in 2022. Over the period under review, imports, however, posted a mild increase. The pace of growth appeared the most rapid in 2017 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X tons), distantly followed by South Korea (X tons), China (X tons) and Japan (X tons) represented the largest importers of first-aid boxes and kits, together constituting 91% of total imports. The following importers - Macao SAR (X tons) and Democratic People's Republic of Korea (X tons) - each amounted to a 7.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported first-aid boxes and kits in Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by South Korea ($X), with a 25% share of total imports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+10.8% per year) and Hong Kong SAR (+5.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 41% against the previous year. Import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, first-aid kit import price increased by +82.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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