Asia: Adhesive Dressings Market 2023

Adhesive Dressings Market Size in Asia

After three years of growth, the Asian adhesive dressings market decreased by -4.6% to $X in 2021. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Adhesive Dressings Production in Asia

In value terms, adhesive dressings production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Adhesive Dressings Exports

Exports in Asia

In 2021, the amount of adhesive dressings or similar articles exported in Asia skyrocketed to X tons, picking up by 21% on the year before. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.6% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.7% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) was the main exporter of adhesive dressings or similar articles, generating 67% of total exports. It was distantly followed by Japan (X tons), mixing up a 15% share of total exports. Turkey (X tons), Thailand (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to adhesive dressings exports from China stood at +6.8%. At the same time, Hong Kong SAR (+22.2%), Singapore (+17.4%), Turkey (+12.4%), South Korea (+4.5%) and Thailand (+1.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.2% from 2012-2021. Japan experienced a relatively flat trend pattern. China (+12 p.p.), Hong Kong SAR (+2 p.p.) and Turkey (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -5.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest adhesive dressings supplier in Asia, comprising 51% of total exports. The second position in the ranking was held by Japan ($X), with a 25% share of total exports. It was followed by Hong Kong SAR, with a 6.6% share.

In China, adhesive dressings exports expanded at an average annual rate of +9.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.7% per year) and Hong Kong SAR (+29.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, increasing by 4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 7.2%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the other leaders experienced more modest paces of growth.

Adhesive Dressings Imports

Imports in Asia

In 2021, the amount of adhesive dressings or similar articles imported in Asia skyrocketed to X tons, rising by 24% compared with the year before. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. 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

The countries with the highest levels of adhesive dressings imports in 2021 were South Korea (X tons), China (X tons), Malaysia (X tons), Hong Kong SAR (X tons), Japan (X tons), the Philippines (X tons), Saudi Arabia (X tons), Singapore (X tons), Vietnam (X tons), the United Arab Emirates (X tons), India (X tons) and Taiwan (Chinese) (X tons), together reaching 78% of total import. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +16.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports.

In terms of the main importing countries, China, with a CAGR of +16.0%, saw the highest rates of growth with regard to 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 import price in Asia stood at $X per ton in 2021, with an increase of 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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