Sri Lanka: Surgical Glove Market 2024

Surgical Glove Market Size in Sri Lanka

After four years of growth, the Sri Lankan surgical glove market decreased by -10.2% to $X in 2022. Overall, consumption, however, continues to indicate resilient growth. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Surgical Glove Production in Sri Lanka

In value terms, surgical glove production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Surgical Glove Exports

Exports from Sri Lanka

In 2022, after two years of decline, there was significant growth in shipments abroad of surgical gloves, when their volume increased by 14% to X tons. In general, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, surgical glove exports soared to $X in 2022. Overall, exports posted a pronounced increase. The pace of growth was the most pronounced in 2019 when exports increased by 48% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for surgical glove exports from Sri Lanka, accounting for a 31% share of total exports. Moreover, surgical glove exports to the United States exceeded the volume sent to the second major destination, India (X tons), twofold. France (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+8.7% per year) and France (+31.1% per year).

In value terms, the United States ($X) remains the key foreign market for surgical gloves exports from Sri Lanka, comprising 36% of total exports. The second position in the ranking was held by India ($X), with a 12% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.2% per year) and Japan (+27.2% per year).

Export Prices by Country

In 2022, the average surgical glove export price amounted to $X per ton, with an increase of 4.2% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, surgical glove export price increased by +78.5% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Surgical Glove Imports

Imports into Sri Lanka

After four years of decline, purchases abroad of surgical gloves increased by 262% to X tons in 2022. Over the period under review, imports, however, saw a abrupt contraction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, surgical glove imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest surgical glove supplier to Sri Lanka, with a 80% share of total imports. Moreover, surgical glove imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Denmark (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.8% per year) and Denmark (+1,419.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of surgical gloves to Sri Lanka, comprising 86% of total imports. The second position in the ranking was taken by Denmark ($X), with a 6.7% share of total imports. It was followed by India, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+756.5% per year) and India (+23.2% per year).

Import Prices by Country

The average surgical glove import price stood at $X per ton in 2022, with an increase of 3% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, surgical glove import price increased by +40.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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