Eastern Asia: Surgical Glove Market 2024

Surgical Glove Market Size in Eastern Asia

The East Asian surgical glove market totaled $X in 2022, picking up by 8.8% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.0% against 2015 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Surgical Glove Production in Eastern Asia

In value terms, surgical glove production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Surgical Glove Exports

Exports in Eastern Asia

In 2022, shipments abroad of surgical gloves decreased by -19.8% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 34% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, surgical glove exports totaled $X in 2022. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X tons), together finishing at 99% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of surgical gloves. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest surgical glove supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +7.5%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 29% against the previous year. In general, the export price posted strong growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 65%. Over the period under review, the export prices attained the maximum 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 +6.9% per year.

Surgical Glove Imports

Imports in Eastern Asia

In 2022, approx. X tons of surgical gloves were imported in Eastern Asia; increasing by 3% compared with the year before. Total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports decreased by -4.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 31%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, surgical glove imports declined slightly to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Hong Kong SAR (X tons), Japan (X tons), South Korea (X tons) and China (X tons) was the largest importer of surgical gloves in Eastern Asia, generating 92% of total import. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 6.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported surgical gloves in Eastern Asia, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to +5.2%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+4.3% per year) and Hong Kong SAR (+4.8% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by -6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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 Japan ($X per ton), while Hong Kong SAR ($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 (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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