Vietnam: First-Aid Kit Market 2024

First-Aid Kit Market Size in Vietnam

The Vietnamese first-aid kit market amounted to $X in 2022, growing by 2.5% against the previous year. Over the period under review, consumption saw a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of 9.3% against the previous year. First-aid kit consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

First-Aid Kit Production in Vietnam

In value terms, first-aid kit production reached $X in 2022 estimated in export price. Overall, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

First-Aid Kit Exports

Exports from Vietnam

First-aid kit exports from Vietnam reduced modestly to X tons in 2022, leveling off at 2021 figures. Over the period under review, exports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 275% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, first-aid kit exports reduced to $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 301% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Japan (X tons) and Austria (X tons) were the main destinations of first-aid kit exports from Vietnam, together accounting for 61% of total exports. Germany, Malaysia, Switzerland, the Czech Republic, Australia and the UK lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for first-aid kit exported from Vietnam were Germany ($X), Canada ($X) and Switzerland ($X), together comprising 49% of total exports.

Germany, with a CAGR of +88.9%, saw the highest growth rate of 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

The average first-aid kit export price stood at $X per ton in 2022, reducing by -8.1% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 export price increased by +74.4% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 65%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Switzerland ($X per ton), while the average price for exports to Australia ($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 Austria (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

First-Aid Kit Imports

Imports into Vietnam

In 2022, approx. X tons of first-aid boxes and kits were imported into Vietnam; rising by 37% compared with the year before. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 199%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, first-aid kit imports rose remarkably to $X in 2022. Over the period under review, imports enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when imports increased by 82% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of first-aid kit to Vietnam, accounting for a 41% share of total imports. Moreover, first-aid kit imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.9% per year) and Japan (-4.9% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the largest first-aid kit suppliers to Vietnam, with a combined 62% share of total imports.

Among the main suppliers, China, with a CAGR of +27.9%, recorded the highest growth rate of 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

The average first-aid kit import price stood at $X per ton in 2022, declining by -22.6% against the previous year. Overall, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 58% against the previous year. 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 the United States ($X per ton), while the price for Belgium ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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