South-Eastern Asia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian x-ray examination preparations market increased by 10% to $X in 2022. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

X-Ray Examination Preparations Production in South-Eastern Asia

In value terms, x-ray examination preparations production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 29%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports in South-Eastern Asia

X-ray examination preparations exports dropped significantly to X tons in 2022, with a decrease of -59.8% on the year before. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 264% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced dramatically in the following year.

In value terms, x-ray examination preparations exports declined remarkably to $X in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 280%. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

The shipments of the two major exporters of opacifying preparations for x-ray examinations, namely Thailand and Singapore, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +68.1%).

In value terms, Singapore ($X) remains the largest x-ray examination preparations supplier in South-Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by Thailand ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +25.8%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 27% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 78%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.0%).

X-Ray Examination Preparations Imports

Imports in South-Eastern Asia

In 2022, the amount of opacifying preparations for x-ray examinations imported in South-Eastern Asia reached X tons, picking up by 10% against the year before. The total import volume increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 21%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, x-ray examination preparations imports expanded notably to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) and Thailand (X tons) were the key importers of opacifying preparations for x-ray examinations in South-Eastern Asia, together constituting 57% of total imports. Singapore (X tons) ranks next in terms of the total imports with a 15% share, followed by Indonesia (12%), the Philippines (8.7%) and Malaysia (7.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest x-ray examination preparations importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Singapore ($X), with a combined 73% share of total imports.

Vietnam, with a CAGR of +20.9%, recorded the highest growth rate of 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, falling by -3.2% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, x-ray examination preparations import price decreased by -9.1% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 25%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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