Turkey: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Turkey

In 2022, the Turkish adhesive bandage market was finally on the rise to reach $X after five years of decline. Over the period under review, consumption, however, recorded a deep reduction. Adhesive bandage consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Adhesive Bandage Production in Turkey

In value terms, adhesive bandage production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The growth pace was the most rapid in 2016 when the production volume increased by 6.3%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Adhesive Bandage Exports

Exports from Turkey

After two years of growth, shipments abroad of adhesive bandages decreased by -37.9% to X tons in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, adhesive bandage exports fell notably to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Iraq (X tons), Poland (X tons) and Romania (X tons) were the main destinations of adhesive bandage exports from Turkey, with a combined 34% share of total exports. Azerbaijan, Libya, Saudi Arabia, Turkmenistan, Iran, Ukraine, Myanmar, Yemen, Georgia and Serbia lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +112.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for adhesive bandage exported from Turkey were Iraq ($X), Iran ($X) and Poland ($X), together comprising 34% of total exports. These countries were followed by Romania, Libya, Azerbaijan, Saudi Arabia, Turkmenistan, Ukraine, Serbia, Georgia, Yemen and Myanmar, which together accounted for a further 38%.

Myanmar, with a CAGR of +117.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Myanmar ($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 Iran (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into Turkey

In 2022, purchases abroad of adhesive bandages increased by 15% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.7% over the period 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 2017 when imports increased by 19%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, adhesive bandage imports declined to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +47.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of adhesive bandage imports to Turkey, together accounting for 64% of total imports. These countries were followed by Poland, the United States, Egypt, the United Arab Emirates and the UK, which together accounted for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +156.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive bandage suppliers to Turkey were China ($X), Germany ($X) and the United States ($X), with a combined 42% share of total imports. Italy, Poland, the UK, Egypt and the United Arab Emirates lagged somewhat behind, together accounting for a further 21%.

The United Arab Emirates, with a CAGR of +92.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 adhesive bandage import price amounted to $X per ton, dropping by -21.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton, and then reduced sharply in the following year.

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 United States ($X per ton), while the price for the United Arab Emirates ($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 United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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