Malaysia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Malaysia

The Malaysian medical gel preparations market reached $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate a pronounced decrease. Medical gel preparations consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in Malaysia

In value terms, medical gel preparations production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Malaysia

In 2022, overseas shipments of gel preparations for human or veterinary medicine decreased by -1.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 68% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, medical gel preparations exports fell to $X in 2022. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Nicaragua (X tons) and Indonesia (X tons) were the main destinations of medical gel preparations exports from Malaysia, together comprising 31% of total exports. Vietnam, Singapore, Mexico, the Philippines, Peru, Afghanistan, Cote d'Ivoire, Hong Kong SAR, Burkina Faso and Thailand lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +124.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Malaysia, comprising 25% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.1% share of total exports. It was followed by the Philippines, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+19.5% per year) and the Philippines (+18.2% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, dropping by -2.1% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 9.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 (-0.5%), while the prices for the other major destinations experienced a decline.

Medical Gel Preparations Imports

Imports into Malaysia

In 2022, the amount of gel preparations for human or veterinary medicine imported into Malaysia surged to X tons, picking up by 18% compared with 2021 figures. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 133% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical gel preparations imports expanded significantly to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 168% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand (X tons), Australia (X tons) and Italy (X tons) were the main suppliers of medical gel preparations imports to Malaysia, together comprising 74% of total imports. Hungary, China, the United States, Germany, the UK and Turkey lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Malaysia, comprising 29% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.1% per year) and China (+34.2% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, which is down by -3.5% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 import price increased by +29.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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