Indonesia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Indonesia

The Indonesian medical gel preparations market fell modestly to $X in 2022, flattening at the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 -4.3% against 2019 indices. Medical gel preparations consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in Indonesia

In value terms, medical gel preparations production fell to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 -12.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Medical Gel Preparations Exports

Exports from Indonesia

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from Indonesia; with an increase of 69% compared with 2021 figures. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,337%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,155% 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

Afghanistan (X tons) was the main destination for medical gel preparations exports from Indonesia, accounting for a 67% share of total exports. Moreover, medical gel preparations exports to Afghanistan exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. The third position in this ranking was held by Myanmar (X kg), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+12.0% per year) and Myanmar (+7.4% per year).

In value terms, Afghanistan ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Indonesia, comprising 86% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 5.8% share of total exports. It was followed by Myanmar, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Afghanistan stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+12.8% per year) and Myanmar (+18.2% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, declining by -12.1% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical gel preparations export price increased by +6.2% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 37%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Ghana ($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 Myanmar (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Indonesia

In 2022, supplies from abroad of gel preparations for human or veterinary medicine increased by 57% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 188% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, medical gel preparations imports soared to $X in 2022. In general, imports, however, saw a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 167%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest medical gel preparations supplier to Indonesia, with a 40% share of total imports. Moreover, medical gel preparations imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.1% per year) and China (+5.8% per year).

In value terms, the largest medical gel preparations suppliers to Indonesia were Singapore ($X), Malaysia ($X) and Thailand ($X), together comprising 40% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +33.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, surging by 56% against the previous year. Overall, the import price, however, faced a abrupt slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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