South-Eastern Asia: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in South-Eastern Asia

The Southeast Asian adhesive dressings market rose to $X in 2021, with an increase of 4.7% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Adhesive Dressings Production in South-Eastern Asia

In value terms, adhesive dressings production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Adhesive Dressings Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of adhesive dressings or similar articles was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 28%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, adhesive dressings exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 55%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand was the major exporting country with an export of around X tons, which resulted at 48% of total exports. It was distantly followed by Singapore (X tons), Vietnam (X tons) and Indonesia (X tons), together committing a 49% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +17.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive dressings supplying countries in South-Eastern Asia were Singapore ($X), Thailand ($X) and Vietnam ($X), with a combined 93% share of total exports.

Among the main exporting countries, Singapore, with a CAGR of +20.6%, recorded 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.7%), while the other leaders experienced more modest paces of growth.

Adhesive Dressings Imports

Imports in South-Eastern Asia

Adhesive dressings imports soared to X tons in 2021, jumping by 21% against 2020. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, adhesive dressings imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Malaysia was the largest importing country with an import of about X tons, which amounted to 36% of total imports. The Philippines (X tons) took the second position in the ranking, followed by Singapore (X tons), Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and Myanmar (X tons). All these countries together held near 60% share of total imports.

Imports into Malaysia increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Indonesia (+14.9%), the Philippines (+13.6%), Myanmar (+6.0%) and Vietnam (+1.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +14.9% from 2012-2021. Singapore and Thailand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Malaysia, the Philippines and Indonesia increased by +14, +6.8 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest adhesive dressings importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Vietnam ($X), together comprising 67% of total imports. These countries were followed by the Philippines, Thailand, Indonesia and Myanmar, which together accounted for a further 32%.

Indonesia, with a CAGR of +21.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, with an increase of 4.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 5.9%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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