Hong Kong SAR, China: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Hong Kong SAR, China

The Hong Kong adhesive bandage market skyrocketed to $X in 2022, rising by 202% against the previous year. In general, consumption saw a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Adhesive Bandage Production in Hong Kong SAR, China

In value terms, adhesive bandage production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. Adhesive bandage production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Adhesive Bandage Exports

Exports from Hong Kong SAR, China

After four years of growth, overseas shipments of adhesive bandages decreased by -60.3% to X tons in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 170% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, adhesive bandage exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 157% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

China (X tons) was the main destination for adhesive bandage exports from Hong Kong SAR, accounting for a 91% share of total exports. Moreover, adhesive bandage exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-7.6% per year) and the United States (-11.4% per year).

In value terms, China ($X) remains the key foreign market for adhesive bandages exports from Hong Kong SAR, comprising 91% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a 6% share of total exports. It was followed by the United States, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (-3.0% per year) and the United States (-7.6% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, reducing by -7% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +3.7% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and China ($X per ton), while the average price for exports to the United States ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of adhesive bandages were imported into Hong Kong SAR; with an increase of 28% against 2021. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, adhesive bandage imports soared to $X in 2022. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 122%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of adhesive bandage to Hong Kong SAR, with a 54% share of total imports. Moreover, adhesive bandage imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.6% per year) and Italy (+64.9% per year).

In value terms, Japan ($X) constituted the largest supplier of adhesive bandages to Hong Kong SAR, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports. It was followed by Italy, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.9% per year) and Italy (+68.3% per year).

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, falling by -7.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 an increase of 16%. The import price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Italy ($X per ton), while the price for Belgium ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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