Southern Asia: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Southern Asia

For the fourth consecutive year, the South Asian respiration apparatus market recorded growth in sales value, which increased by 42% to $X in 2021. Overall, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Respiration Apparatus Production in Southern Asia

In value terms, respiration apparatus production shrank to $X in 2021 estimated in export price. Over the period under review, production enjoyed prominent growth. The growth pace was the most rapid in 2019 with an increase of 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Respiration Apparatus Exports

Exports in Southern Asia

In 2021, overseas shipments of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, respiration apparatus exports surged to $X in 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) represented the largest exporter of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus, mixing up 66% of total exports. It was distantly followed by Sri Lanka (X tons), generating a 32% share of total exports.

Exports from India increased at an average annual rate of +29.7% from 2012 to 2021. At the same time, Sri Lanka (+34.9%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +34.9% from 2012-2021. While the share of Sri Lanka (+8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-4.8 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest respiration apparatus supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 2.9% share of total exports.

In India, respiration apparatus exports expanded at an average annual rate of +32.6% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, which is down by -39.1% against the previous year. Over the period under review, the export price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 139%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.3%).

Respiration Apparatus Imports

Imports in Southern Asia

In 2021, approx. X tons of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus were imported in Southern Asia; with an increase of 246% compared with 2020. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, respiration apparatus imports soared to $X in 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 90% of total imports in 2021. It was distantly followed by Bangladesh (X tons), achieving a 5.1% share of total imports. The following importers - Pakistan (X tons) and Sri Lanka (X tons) - each finished at a 3.7% share of total imports.

India was also the fastest-growing in terms of the ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imports, with a CAGR of +45.6% from 2012 to 2021. At the same time, Pakistan (+29.9%), Sri Lanka (+25.3%) and Bangladesh (+20.2%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +23 percentage points.

In value terms, India ($X) constitutes the largest market for imported ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 2.6% share of total imports. It was followed by Pakistan, with a 2% share.

In India, respiration apparatus imports increased at an average annual rate of +39.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+18.0% per year) and Pakistan (+14.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, declining by -5.2% against the previous year. In general, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the import price increased by 2.7% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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