Indonesia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Indonesia

The Indonesian x-ray examination preparations market soared to $X in 2022, picking up by 39% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports from Indonesia

In 2022, overseas shipments of opacifying preparations for x-ray examinations increased by 7.7% to X tons, rising for the second year in a row after four years of decline. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 271% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, x-ray examination preparations exports reduced rapidly to $X in 2022. In general, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when exports increased by 187% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for x-ray examination preparations exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at +8.5%.

In value terms, Vietnam ($X) also remains the key foreign market for opacifying preparations for x-ray examinations exports from Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled -1.1%.

Export Prices by Country

The average x-ray examination preparations export price stood at $X per ton in 2022, which is down by -37.4% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 92%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -8.9% per year.

X-Ray Examination Preparations Imports

Imports into Indonesia

In 2022, the amount of opacifying preparations for x-ray examinations imported into Indonesia surged to X tons, jumping by 41% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, x-ray examination preparations imports skyrocketed to $X in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of x-ray examination preparations imports to Indonesia, with a combined 72% share of total imports. Austria, the United States, Singapore, Taiwan (Chinese) and Ireland lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +190.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of opacifying preparations for x-ray examinations to Indonesia, comprising 34% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.2% per year) and China (+6.7% per year).

Import Prices by Country

In 2022, the average x-ray examination preparations import price amounted to $X per ton, waning by -2.7% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price 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, x-ray examination preparations import price decreased by -23.1% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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