India: Surgical Glove Market 2024

Surgical Glove Market Size in India

The Indian surgical glove market rose markedly to $X in 2022, increasing by 6.5% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 2020 indices. Surgical glove consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Surgical Glove Production in India

In value terms, surgical glove production expanded sharply to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -4.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Surgical Glove Exports

Exports from India

In 2022, overseas shipments of surgical gloves decreased by -57.5% to X tons, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 40%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, surgical glove exports shrank sharply to $X in 2022. In general, exports, however, posted a notable expansion. The growth pace was the most rapid in 2020 with an increase of 50%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Indonesia (X tons), Poland (X tons) and Serbia (X tons) were the main destinations of surgical glove exports from India, together comprising 19% of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +161.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Poland ($X) and the United States ($X) were the largest markets for surgical glove exported from India worldwide, together comprising 19% of total exports.

Indonesia, with a CAGR of +186.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 surgical glove export price stood at $X per ton in 2022, with an increase of 17% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 63%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Oman ($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 Germany (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Surgical Glove Imports

Imports into India

In 2022, overseas purchases of surgical gloves decreased by -40.1% to X tons, falling for the third consecutive year after four years of growth. Overall, imports saw a slight slump. The pace of growth was the most pronounced in 2016 with an increase of 52%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, surgical glove imports dropped notably to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest surgical glove supplier to India, accounting for a 74% share of total imports. Moreover, surgical glove imports from Malaysia exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-5.2% per year) and Vietnam (+33.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of surgical gloves to India, comprising 70% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 21% share of total imports. It was followed by Vietnam, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+5.2% per year) and Vietnam (+51.8% per year).

Import Prices by Country

The average surgical glove import price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 81%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Vietnam ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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