Malaysia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Malaysia

The Malaysian x-ray examination preparations market was estimated at $X in 2022, surging by 13% 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). Over the period under review, consumption recorded a measured increase. 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 Malaysia

In 2022, overseas shipments of opacifying preparations for x-ray examinations were finally on the rise to reach X kg after five years of decline. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, x-ray examination preparations exports soared to $X in 2022. Overall, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 226% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for x-ray examination preparations exports from Malaysia, accounting for a 32% share of total exports. Moreover, x-ray examination preparations exports to South Africa exceeded the volume sent to the second major destination, the Philippines (X kg), twofold. Brunei Darussalam (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+12.7% per year) and Brunei Darussalam (-19.2% per year).

In value terms, Vietnam ($X) remains the key foreign market for opacifying preparations for x-ray examinations exports from Malaysia, comprising 44% of total exports. The second position in the ranking was held by the Philippines ($X), with a 13% share of total exports. It was followed by South Africa, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+9.4% per year) and South Africa (-3.5% per year).

Export Prices by Country

The average x-ray examination preparations export price stood at $X per ton in 2022, dropping by -30% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 57%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Pakistan ($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 Iraq (+57.8%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Examination Preparations Imports

Imports into Malaysia

X-ray examination preparations imports into Malaysia rose markedly to X tons in 2022, picking up by 11% against 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 246% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, x-ray examination preparations imports skyrocketed to $X in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 624%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of x-ray examination preparations imports to Malaysia, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest x-ray examination preparations suppliers to Malaysia were Italy ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined 51% share of total imports.

Hong Kong SAR, with a CAGR of +62.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 x-ray examination preparations import price amounted to $X per ton, picking up by 3.7% against the previous year. In general, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 109%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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