South-Eastern Asia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in South-Eastern Asia

In 2022, the Southeast Asian medical gel preparations market decreased by -8.4% to $X, falling for the fourth consecutive year after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in South-Eastern Asia

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 23%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of gel preparations for human or veterinary medicine increased by 17% to X tons, rising for the sixth year in a row after three years of decline. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, medical gel preparations exports surged to $X in 2022. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 65%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Thailand dominates exports structure, finishing at X tons, which was near 92% of total exports in 2022. It was distantly followed by Malaysia (X tons), creating a 5% share of total exports. Singapore (X tons) took a little share of total exports.

Exports from Thailand increased at an average annual rate of +14.7% from 2012 to 2022. At the same time, Malaysia (+15.9%) and Singapore (+10.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +15.9% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest medical gel preparations supplier in South-Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled +8.1%. In the other countries, the average annual rates were as follows: Singapore (+16.4% per year) and Malaysia (+8.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 4.1% against the previous year. In general, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.1%), while the other leaders experienced a decline in the export price figures.

Medical Gel Preparations Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported in South-Eastern Asia; reducing by -25.6% on 2021. Over the period under review, imports, however, posted a pronounced increase. The growth pace was the most rapid in 2017 with an increase of 239%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, medical gel preparations imports dropped to $X in 2022. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 141% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X tons), distantly followed by Malaysia (X tons), Singapore (X tons), Vietnam (X tons), Indonesia (X tons) and the Philippines (X tons) were the main importers of gel preparations for human or veterinary medicine, together constituting 95% of total imports. Thailand (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 56% share of total imports.

Thailand, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 24% against the previous year. Overall, the import price continues to indicate a moderate expansion. The growth pace was the most rapid in 2021 an increase of 91% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($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 (+17.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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