ASEAN: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in ASEAN

The ASEAN medical gel preparations market contracted to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Medical Gel Preparations Production in ASEAN

In value terms, medical gel preparations production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports in ASEAN

In 2022, shipments abroad of gel preparations for human or veterinary medicine increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Malaysia (X tons), committing a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest medical gel preparations supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Medical Gel Preparations Imports

Imports in ASEAN

Medical gel preparations imports fell remarkably to X tons in 2022, dropping by X% against 2021 figures. Overall, imports, however, showed pronounced growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medical gel preparations imports dropped to $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Myanmar was the key importer of gel preparations for human or veterinary medicine in ASEAN, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Malaysia (X tons), Singapore (X tons), Indonesia (X tons) and the Philippines (X tons). All these countries together held approx. X% share of total imports. Thailand (X tons) took a little share of total imports.

Myanmar experienced a relatively flat trend pattern with regard to volume of imports of gel preparations for human or veterinary medicine. At the same time, Vietnam (X%), the Philippines (X%), Malaysia (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam, Malaysia, Indonesia and the Philippines increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X), Vietnam ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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