Singapore: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Singapore

The Singaporean adhesive bandage market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption, however, showed a mild downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Adhesive Bandage Production in Singapore

In value terms, adhesive bandage production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Adhesive Bandage Exports

Exports from Singapore

In 2022, the amount of adhesive bandages exported from Singapore contracted to X tons, waning by -5.7% on 2021. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 225% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, adhesive bandage exports declined to $X in 2022. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 264% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Malaysia (X tons), Thailand (X tons) and Indonesia (X tons) were the main destinations of adhesive bandage exports from Singapore, with a combined 36% share of total exports. Australia, South Korea, Hong Kong SAR, Vietnam, China, Japan, the Philippines and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 56%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for adhesive bandage exported from Singapore were Malaysia ($X), Thailand ($X) and Indonesia ($X), together comprising 36% of total exports. These countries were followed by Australia, South Korea, Hong Kong SAR, Vietnam, China, Japan, the Philippines and Taiwan (Chinese), which together accounted for a further 56%.

In terms of the main countries of destination, Japan, with a CAGR of +54.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, with a decrease of -7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Australia ($X per ton), while the average price for exports to the Philippines ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Singapore

In 2022, approx. X tons of adhesive bandages were imported into Singapore; reducing by -5.6% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, adhesive bandage imports shrank to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.3% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 50% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The United States (X tons), China (X tons) and the Dominican Republic (X tons) were the main suppliers of adhesive bandage imports to Singapore, with a combined 61% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Dominican Republic (with a CAGR of +203.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive bandage suppliers to Singapore were China ($X), the United States ($X) and the Dominican Republic ($X), together comprising 60% of total imports.

In terms of the main suppliers, the Dominican Republic, with a CAGR of +208.9%, recorded 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 adhesive bandage import price amounted to $X per ton, waning by -7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and the Dominican Republic ($X per ton), while the price for the United States ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :