South-Eastern Asia: First-Aid Kit Market 2024

First-Aid Kit Market Size in South-Eastern Asia

The Southeast Asian first-aid kit market shrank slightly to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the market value increased by 5.5%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

First-Aid Kit Production in South-Eastern Asia

In value terms, first-aid kit production declined modestly to $X in 2022 estimated in export price. Overall, production recorded a slight decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by 3.6% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

First-Aid Kit Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of first-aid boxes and kits, when their volume decreased by -44.2% to X tons. In general, exports saw a mild reduction. The growth pace was the most rapid in 2014 when exports increased by 260% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, first-aid kit exports dropped sharply to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 235% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore was the largest exporting country with an export of around X tons, which recorded 46% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 28% share, followed by Thailand (18%) and Vietnam (8.1%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +3.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest first-aid kit supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), together accounting for 87% of total exports.

Thailand, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 21% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, first-aid kit export price increased by +105.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 36%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.3%), while the other leaders experienced more modest paces of growth.

First-Aid Kit Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of first-aid boxes and kits decreased by -25.8% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a noticeable expansion. The growth pace was the most rapid in 2014 with an increase of 135%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, first-aid kit imports declined sharply to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 133%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by Singapore (X tons), the Philippines (X tons), Thailand (X tons) and Indonesia (X tons) were the main importers of first-aid boxes and kits, together creating 90% of total imports. Vietnam (X tons) and Myanmar (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest first-aid kit importing markets in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Thailand ($X), with a combined 80% share of total imports. The Philippines, Indonesia, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 15%.

In terms of the main importing countries, Myanmar, with a CAGR of +27.8%, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by 6.9% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($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 (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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