Asia-Pacific: X-Ray Examination Preparations Market 2023

X-Ray Examination Preparations Market Size in Asia-Pacific

In 2021, the Asia-Pacific x-ray examination preparations market decreased by -5.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 9.9% against the previous year. As a result, consumption attained the peak level of $X, and then reduced in the following year.

X-Ray Examination Preparations Production in Asia-Pacific

In value terms, x-ray examination preparations production fell modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. As a result, production reached the peak level of $X, and then dropped modestly in the following year.

X-Ray Examination Preparations Exports

Exports in Asia-Pacific

In 2021, the amount of opacifying preparations for x-ray examinations exported in Asia-Pacific soared to X tons, rising by 31% compared with 2020. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports surged to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.5% 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 +58.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

China dominates exports structure, reaching X tons, which was near 90% of total exports in 2021. Thailand (X tons), India (X tons) and Taiwan (Chinese) (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, Thailand (+96.1%), Taiwan (Chinese) (+45.8%) and India (+1.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +96.1% from 2012-2021. China (+4.6 p.p.), Thailand (+3.1 p.p.) and Taiwan (Chinese) (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest x-ray examination preparations supplier in Asia-Pacific, comprising 91% of total exports. The second position in the ranking was taken by Thailand ($X), with a 1.8% share of total exports. It was followed by India, with a 1.1% share.

In China, x-ray examination preparations exports increased at an average annual rate of +11.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+87.5% per year) and India (+11.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2019 when the export price increased by 17%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the other leaders experienced mixed trends in the export price figures.

X-Ray Examination Preparations Imports

Imports in Asia-Pacific

In 2021, approx. X tons of opacifying preparations for x-ray examinations were imported in Asia-Pacific; picking up by 12% against the previous year's figure. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern 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, x-ray examination preparations imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) represented roughly 58% of total imports in 2021. India (X tons) took the next position in the ranking, followed by Australia (X tons). All these countries together held approx. 18% share of total imports. Singapore (X tons), Taiwan (Chinese) (X tons), Thailand (X tons), Hong Kong SAR (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest x-ray examination preparations importing markets in Asia-Pacific were China ($X), Japan ($X) and South Korea ($X), together comprising 69% of total imports. These countries were followed by Australia, India, Hong Kong SAR, Taiwan (Chinese), Thailand, Singapore and Vietnam, which together accounted for a further 26%.

Vietnam, with a CAGR of +16.1%, recorded the highest rates of growth with regard to 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 Asia-Pacific stood at $X per ton in 2021, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 3.8% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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