Eastern Asia: Medical Steriliser Market 2024

Medical Steriliser Market Size in Eastern Asia

The East Asian medical steriliser market amounted to $X in 2022, picking up by 3.6% against the previous year. Overall, consumption, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2017 when the market value increased by 8.1%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Medical Steriliser Production in Eastern Asia

In value terms, medical steriliser production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% 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 15%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Steriliser Exports

Exports in Eastern Asia

In 2022, overseas shipments of medical, surgical or laboratory sterilisers decreased by -3% to X units, falling for the second year in a row after nine years of growth. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of 55%. The volume of export 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 fell to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, amounting to X units, which was near 85% of total exports in 2022. Japan (X units) held a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (5.5%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the medical, surgical or laboratory sterilisers exports, with a CAGR of +25.1% from 2012 to 2022. At the same time, South Korea (+3.0%) displayed positive paces of growth. By contrast, Japan (-1.3%) and Taiwan (Chinese) (-4.3%) illustrated a downward trend over the same period. While the share of China (+49 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-10.7 p.p.), Taiwan (Chinese) (-16.4 p.p.) and Japan (-20.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest medical steriliser supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by South Korea, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +11.8%. In the other countries, the average annual rates were as follows: Japan (-2.1% per year) and South Korea (+2.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, which is down by -5.1% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 5.6%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.7%), while the other leaders experienced a decline in the export price figures.

Medical Steriliser Imports

Imports in Eastern Asia

Medical steriliser imports shrank rapidly to X units in 2022, reducing by -18% against the previous year's figure. In general, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 34%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports plummeted to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 21% against the previous year. The level of import peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X units) was the key importer of medical, surgical or laboratory sterilisers, mixing up 44% of total imports. South Korea (X units) took the second position in the ranking, distantly followed by Japan (X units) and Taiwan (Chinese) (X units). All these countries together took approx. 52% share of total imports. Hong Kong SAR (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +12.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported medical, surgical or laboratory sterilisers in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +1.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+1.0% per year) and South Korea (+0.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, picking up by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2016 when the import price increased by 22% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :