India: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in India

The Indian adhesive bandage market fell to $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value 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, consumption decreased by -2.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Adhesive Bandage Production in India

In value terms, adhesive bandage production shrank slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth 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 -5.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Adhesive Bandage Exports

Exports from India

In 2022, overseas shipments of adhesive bandages increased by 6.2% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 81%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, adhesive bandage exports totaled $X in 2022. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X tons), the United States (X tons) and Sri Lanka (X tons) were the main destinations of adhesive bandage exports from India, together comprising 58% of total exports. Ethiopia, Zambia, Malaysia, the Philippines, Canada, Indonesia and the United Arab Emirates lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +125.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Nepal ($X) and Sri Lanka ($X) appeared to be the largest markets for adhesive bandage exported from India worldwide, with a combined 52% share of total exports. These countries were followed by Ethiopia, the Philippines, Indonesia, Canada, Zambia, the United Arab Emirates and Malaysia, which together accounted for a further 23%.

Indonesia, with a CAGR of +136.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, declining by -5.4% against the previous year. In general, the export price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into India

Adhesive bandage imports into India surged to X tons in 2022, growing by 51% against 2021. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, adhesive bandage imports soared to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of adhesive bandage to India, with a 39% share of total imports. Moreover, adhesive bandage imports from Norway exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.7% per year) and the United States (+1.2% per year).

In value terms, Norway ($X), the United States ($X) and China ($X) appeared to be the largest adhesive bandage suppliers to India, together comprising 63% of total imports. These countries were followed by the UK, Singapore, Taiwan (Chinese), France and South Korea, which together accounted for a further 25%.

France, with a CAGR of +42.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, shrinking by -7% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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