Thailand: First-Aid Kit Market 2024

First-Aid Kit Market Size in Thailand

The Thai first-aid kit market reduced slightly to $X in 2022, waning by -1.6% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 -8.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

First-Aid Kit Production in Thailand

In value terms, first-aid kit production reduced to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value 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, production decreased by -11.6% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 40%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

First-Aid Kit Exports

Exports from Thailand

In 2022, overseas shipments of first-aid boxes and kits increased by 57% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed a temperate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 94% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, first-aid kit exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 218% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Poland (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) were the main destinations of first-aid kit exports from Thailand, together accounting for 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +79.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for first-aid boxes and kits exports from Thailand, comprising 32% of total exports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +103.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+19.1% per year) and the United Arab Emirates (+4.3% per year).

Export Prices by Country

The average first-aid kit export price stood at $X per ton in 2022, falling by -20.4% against the previous year. Over the period under review, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 168%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Poland ($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 Denmark (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

First-Aid Kit Imports

Imports into Thailand

In 2022, overseas purchases of first-aid boxes and kits increased by 27% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 187% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, first-aid kit imports declined to $X in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 154%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), Spain (X tons) and the UK (X tons) were the main suppliers of first-aid kit imports to Thailand, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +33.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and the UK ($X) were the largest first-aid kit suppliers to Thailand, together comprising 77% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average first-aid kit import price amounted to $X per ton, with a decrease of -28% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, first-aid kit import price increased by +4.0% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 108%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($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 Netherlands (+5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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