Report Update Nov 1, 2024

Vietnam - Adhesive Bandages - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Vietnam

In 2022, after two years of decline, there was significant growth in the Vietnamese adhesive bandage market, when its value increased by 38% to $X. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Adhesive Bandage Exports

Exports from Vietnam

Adhesive bandage exports from Vietnam reduced notably to X tons in 2022, shrinking by -61.7% against the year before. In general, exports, however, recorded mild growth. The pace of growth appeared the most rapid in 2015 with an increase of 86% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, adhesive bandage exports shrank to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 74% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Switzerland (X tons) was the main destination for adhesive bandage exports from Vietnam, with a 92% share of total exports. Moreover, adhesive bandage exports to Switzerland exceeded the volume sent to the second major destination, South Africa (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland amounted to +127.5%.

In value terms, Switzerland ($X) emerged as the key foreign market for adhesive bandages exports from Vietnam, comprising 95% of total exports. The second position in the ranking was taken by South Africa ($X), with a 5.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at +118.6%.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, picking up by 146% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X per ton), while the average price for exports to South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.5%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Vietnam

In 2022, supplies from abroad of adhesive bandages was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports decreased by -20.6% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 42%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, adhesive bandage imports reduced to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.1% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main adhesive bandage supplier to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +134.0%.

In value terms, Turkey ($X) constituted the largest supplier of adhesive bandages to Vietnam.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +126.5%.

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, dropping by -7.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +11.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for adhesive dressings or similar articles in the world?

Russia constituted the country with the largest volume of adhesive dressings consumption, comprising approx. 56% of total volume. Moreover, adhesive dressings consumption in Russia exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by the United States, with a 5.8% share.

What are the largest producers of adhesive dressings or similar articles in the world?

Russia remains the largest adhesive dressings producing country worldwide, comprising approx. 56% of total volume. Moreover, adhesive dressings production in Russia exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by India, with a 4.6% share.

What are the leading suppliers of adhesive dressings or similar articles to Vietnam?

In value terms, Thailand constituted the largest supplier of adhesive dressings to Vietnam, comprising 42% of total imports. The second position in the ranking was occupied by the United States, with a 13% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of adhesive dressings or similar articles from Vietnam?

In value terms, the Philippines, the United States and Malaysia were the largest markets for adhesive dressings exported from Vietnam worldwide, together comprising 77% of total exports. These countries were followed by China, South Korea and Singapore, which together accounted for a further 16%.

What is the average export price for adhesive dressings or similar articles in Vietnam?

In 2020, the average adhesive dressings export price amounted to $19,365 per ton, with an increase of 32% against the previous year.

What is the average import price for adhesive dressings or similar articles in Vietnam?

In 2020, the average adhesive dressings import price amounted to $18,361 per ton, growing by 21% against the previous year.

This report provides an in-depth analysis of the adhesive bandage market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21202420 - Adhesive dressings or similar articles, impregnated or coated with pharmaceutical substances, or put up in forms for retail sale

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023