Southern Asia: Surgical Glove Market 2024

Surgical Glove Market Size in Southern Asia

The South Asian surgical glove market rose modestly to $X in 2022, growing by 3.7% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Surgical Glove Production in Southern Asia

In value terms, surgical glove production expanded modestly to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -4.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Surgical Glove Exports

Exports in Southern Asia

In 2022, shipments abroad of surgical gloves decreased by -16.2% to X tons, falling for the third year in a row after four years of growth. Overall, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2019 when exports increased by 36%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, surgical glove exports declined rapidly to $X in 2022. In general, exports, however, saw measured growth. The growth pace was the most rapid in 2019 with an increase of 34% against the previous year. The level of export peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

In 2022, Sri Lanka (X tons) was the major exporter of surgical gloves, achieving 79% of total exports. It was distantly followed by India (X tons), creating a 21% share of total exports.

Sri Lanka was also the fastest-growing in terms of the surgical gloves exports, with a CAGR of -1.0% from 2012 to 2022. India (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sri Lanka increased by +11 percentage points.

In value terms, Sri Lanka ($X) remains the largest surgical glove supplier in Southern Asia, comprising 71% of total exports. The second position in the ranking was held by India ($X), with a 29% share of total exports.

In Sri Lanka, surgical glove exports increased at an average annual rate of +4.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, flattening at the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%).

Surgical Glove Imports

Imports in Southern Asia

In 2022, supplies from abroad of surgical gloves decreased by -30.4% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, surgical glove imports dropped dramatically to $X in 2022. Over the period under review, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

India represented the largest importer of surgical gloves in Southern Asia, with the volume of imports accounting for X tons, which was near 45% of total imports in 2022. Bangladesh (X tons) took the second position in the ranking, followed by Pakistan (X tons), Nepal (X tons), Sri Lanka (X tons) and Afghanistan (X tons). All these countries together held near 53% share of total imports.

Imports into India decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, Afghanistan (+11.1%), Nepal (+4.9%) and Bangladesh (+4.7%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +11.1% from 2012-2022. By contrast, Pakistan (-2.1%) and Sri Lanka (-10.2%) illustrated a downward trend over the same period. While the share of Bangladesh (+8 p.p.), Nepal (+4.1 p.p.) and Afghanistan (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (-1.5 p.p.) and Sri Lanka (-12.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported surgical gloves in Southern Asia, comprising 60% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by Nepal, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +7.7%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+13.1% per year) and Nepal (+9.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price saw a prominent expansion. The growth pace was the most rapid in 2021 an increase of 59% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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