Report Update Nov 1, 2024

Philippines - Adhesive Bandages - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in the Philippines

The Philippine adhesive bandage market soared to $X in 2022, picking up by 32% 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 enjoyed a prominent expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Adhesive Bandage Exports

Exports from the Philippines

In 2022, approx. X tons of adhesive bandages were exported from the Philippines; with an increase of 147% compared with the previous year. Over the period under review, exports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 262% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, adhesive bandage exports surged to $X in 2022. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 428% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Singapore (X tons) were the main destinations of adhesive bandage exports from the Philippines.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +4.9%).

In value terms, Malaysia ($X) and Singapore ($X) were the largest markets for adhesive bandage exported from the Philippines worldwide.

Among the main countries of destination, Malaysia, with a CAGR of +0.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, reducing by -47.2% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 46%. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.2%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into the Philippines

In 2022, approx. X tons of adhesive bandages were imported into the Philippines; jumping by 38% against 2021. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, adhesive bandage imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 73%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Japan (X tons) and Vietnam (X tons) were the main suppliers of adhesive bandage imports to the Philippines, together accounting for 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +29.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Vietnam ($X) appeared to be the largest adhesive bandage suppliers to the Philippines, with a combined 77% share of total imports. Thailand, the United States, India and South Korea lagged somewhat behind, together comprising a further 13%.

South Korea, with a CAGR of +24.0%, saw 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 adhesive bandage import price amounted to $X per ton, waning by -6.2% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for adhesive dressings or similar articles in the world?

Russia constituted the country with the largest volume of adhesive dressings consumption, accounting for 56% of total volume. Moreover, adhesive dressings consumption in Russia exceeded the figures recorded by the second-largest consumer, China, fivefold. The United States ranked third in terms of total consumption with a 5.8% share.

What are the largest producers of adhesive dressings or similar articles in the world?

Russia constituted the country with the largest volume of adhesive dressings production, comprising approx. 56% of total volume. Moreover, adhesive dressings production in Russia exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by India, with a 4.6% share.

What are the leading suppliers of adhesive dressings or similar articles to the Philippines?

In value terms, the largest adhesive dressings suppliers to the Philippines were Vietnam, China and Japan, together comprising 70% of total imports.

What are the leading importers of adhesive dressings or similar articles from the Philippines?

In value terms, Singapore remains the key foreign market for adhesive dressings exports from the Philippines, comprising 71% of total exports. The second position in the ranking was occupied by Malaysia, with a 29% share of total exports.

What is the average export price for adhesive dressings or similar articles in the Philippines?

In 2020, the average adhesive dressings export price amounted to $3,433 per ton, shrinking by -79.6% against the previous year.

What is the average import price for adhesive dressings or similar articles in the Philippines?

In 2020, the average adhesive dressings import price amounted to $12,464 per ton, jumping by 38% against the previous year.

This report provides an in-depth analysis of the adhesive bandage market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202420 - Adhesive dressings or similar articles, impregnated or coated with pharmaceutical substances, or put up in forms for retail sale

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023