United Kingdom: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in the UK

The UK adhesive bandage market surged to $X in 2022, growing by 51% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +126.4% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Adhesive Bandage Production in the UK

In value terms, adhesive bandage production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17%. Adhesive bandage production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Adhesive Bandage Exports

Exports from the UK

After three years of decline, overseas shipments of adhesive bandages increased by 11% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, adhesive bandage exports totaled $X in 2022. In general, exports recorded slight growth. The pace of growth was the most pronounced in 2017 when exports increased by 42%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of adhesive bandage exports from the UK, with a combined 51% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +19.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for adhesive bandages exports from the UK, comprising 30% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+13.6% per year) and Germany (+0.1% per year).

Export Prices by Country

In 2022, the average adhesive bandage export price amounted to $X per ton, shrinking by -9% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +2.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 43% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 the United States ($X per ton), while the average price for exports to China ($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 Australia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into the UK

In 2022, after three years of decline, there was significant growth in purchases abroad of adhesive bandages, when their volume increased by 58% to X tons. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage imports soared to $X in 2022. Overall, total imports 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to the UK, accounting for a 47% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and Belgium (+4.3% per year).

In value terms, China ($X), Germany ($X) and Belgium ($X) were the largest adhesive bandage suppliers to the UK, with a combined 58% share of total imports. These countries were followed by Hungary, France, Spain, the Netherlands, Ireland, Italy, the United States, the Czech Republic, Japan and Egypt, which together accounted for a further 34%.

Hungary, with a CAGR of +96.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, picking up by 18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Hungary ($X per ton), while the price for Egypt ($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 (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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