Southern Asia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Southern Asia

The South Asian x-ray examination preparations market dropped modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

X-Ray Examination Preparations Production in Southern Asia

In value terms, x-ray examination preparations production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 13%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

X-Ray Examination Preparations Exports

Exports in Southern Asia

In 2022, overseas shipments of opacifying preparations for x-ray examinations increased by 52% to X tons, rising for the fourth consecutive year after four years of decline. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +111.6% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 113%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together finishing at 99% of total export.

India was also the fastest-growing in terms of the opacifying preparations for x-ray examinations exports, with a CAGR of +5.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest x-ray examination preparations supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +13.2%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by -11.9% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 91%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +7.0% per year.

X-Ray Examination Preparations Imports

Imports in Southern Asia

X-ray examination preparations imports soared to X tons in 2022, growing by 21% compared with 2021. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, x-ray examination preparations imports expanded significantly to $X in 2022. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 51%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

India was the key importing country with an import of about X tons, which recorded 73% of total imports. It was distantly followed by Pakistan (X tons), committing a 21% share of total imports. The following importers - Sri Lanka (X tons) and Bangladesh (X tons) - each finished at a 3.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to x-ray examination preparations imports into India stood at +17.3%. At the same time, Pakistan (+48.2%), Bangladesh (+3.9%) and Sri Lanka (+2.0%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +48.2% from 2012-2022. Pakistan (+19 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh, India and Sri Lanka saw its share reduced by -4.6%, -6.4% and -7.3% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported opacifying preparations for x-ray examinations in Southern Asia, comprising 77% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports. It was followed by Sri Lanka, with a 2.8% share.

In India, x-ray examination preparations imports increased at an average annual rate of +10.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+45.8% per year) and Sri Lanka (+5.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by -5.5% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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