South-Eastern Asia: Surgical Glove Market 2024

Surgical Glove Market Size in South-Eastern Asia

After six years of growth, the Southeast Asian surgical glove market decreased by -12.6% to $X in 2022. In general, consumption, however, recorded prominent growth. As a result, consumption reached the peak level of $X, and then declined in the following year.

Surgical Glove Production in South-Eastern Asia

In value terms, surgical glove production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 94%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Surgical Glove Exports

Exports in South-Eastern Asia

In 2022, the amount of surgical gloves exported in South-Eastern Asia skyrocketed to X tons, picking up by 71% on the year before. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 172% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, surgical glove exports skyrocketed to $X in 2022. Overall, exports enjoyed mild growth. The pace of growth appeared the most rapid in 2017 when exports increased by 119% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2022. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to surgical glove exports from Malaysia stood at +2.7%. At the same time, Indonesia (+31.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.4% from 2012-2022. From 2012 to 2022, the share of Malaysia and Indonesia increased by +15 and +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest surgical glove supplier in South-Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 7.8% share of total exports.

In Malaysia, surgical glove exports expanded at an average annual rate of +3.2% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of -9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

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 Indonesia ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.3%).

Surgical Glove Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of surgical gloves increased by 7.8% to X tons, rising for the fourth year in a row after three years of decline. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 69%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, surgical glove imports fell modestly to $X in 2022. Overall, imports saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) represented the major importers of surgical gloves in South-Eastern Asia, together accounting for approx. 68% of total imports. Malaysia (X tons) held the next position in the ranking, followed by Myanmar (X tons) and the Philippines (X tons). All these countries together held approx. 23% share of total imports. Singapore (X tons) and Vietnam (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported surgical gloves in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Thailand, with a 15% share.

In Indonesia, surgical glove imports increased at an average annual rate of +11.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+23.3% per year) and Thailand (+4.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -10.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2017 an increase of 16%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Thailand ($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 (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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