Thailand: Surgical Glove Market 2024

Surgical Glove Market Size in Thailand

The Thai surgical glove market soared to $X in 2022, picking up by 347% against the previous year. Overall, consumption showed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Surgical Glove Production in Thailand

In value terms, surgical glove production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Surgical glove production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Surgical Glove Exports

Exports from Thailand

In 2021, overseas shipments of surgical gloves increased by 2.3% to X tons, rising for the fourth year in a row after three years of decline. In general, exports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, surgical glove exports shrank modestly to $X in 2021. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for surgical glove exports from Thailand, accounting for a 53% share of total exports. Moreover, surgical glove exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Ukraine (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+57.4% per year) and Ukraine (+51.3% per year).

In value terms, the United States ($X) remains the key foreign market for surgical gloves exports from Thailand, comprising 55% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total exports. It was followed by Ukraine, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+53.8% per year) and Ukraine (+59.0% per year).

Export Prices by Country

The average surgical glove export price stood at $X per ton in 2021, waning by -2.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2015 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the 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 Germany ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Surgical Glove Imports

Imports into Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of surgical gloves, which increased by 13% to X tons in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, surgical glove imports totaled $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Malaysia (X tons) and China (X tons) were the main suppliers of surgical glove imports to Thailand.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +284.7%).

In value terms, Malaysia ($X) constituted the largest supplier of surgical gloves to Thailand, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Malaysia totaled +3.1%.

Import Prices by Country

In 2021, the average surgical glove import price amounted to $X per ton, waning by -34.1% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 11%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-5.3%).

Source: IndexBox Platform

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