Indonesia: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Indonesia

The Indonesian adhesive bandage market rose significantly to $X in 2022, growing by 5.8% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Adhesive Bandage Production in Indonesia

In value terms, adhesive bandage production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Adhesive Bandage Exports

Exports from Indonesia

In 2022, the amount of adhesive bandages exported from Indonesia soared to X tons, growing by 19% against 2021 figures. In general, exports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, adhesive bandage exports soared to $X in 2022. Overall, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for adhesive bandage exports from Indonesia, with a 58% share of total exports. Moreover, adhesive bandage exports to Malaysia exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold. Thailand (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-0.7% per year) and Thailand (-11.1% per year).

In value terms, Malaysia ($X) remains the key foreign market for adhesive bandages exports from Indonesia, comprising 48% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Singapore, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.2% per year) and Singapore (-0.5% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 decreased by -1.9% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Philippines ($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 United Arab Emirates (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Indonesia

In 2022, imports of adhesive bandages into Indonesia skyrocketed to X tons, increasing by 173% on the previous year's figure. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage imports soared to $X in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to Indonesia, accounting for a 70% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.0% per year) and the United States (+0.8% per year).

In value terms, China ($X) constituted the largest supplier of adhesive bandages to Indonesia, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by the United States, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.5% per year) and the United States (+8.7% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, waning by -6.8% against the previous year. Overall, the import price, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2017 an increase of 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell in the following year.

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 Thailand ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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