Australia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Australia

In 2022, the Australian medical gel preparations market increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Medical Gel Preparations Production in Australia

In value terms, medical gel preparations production fell to $X in 2022 estimated in export price. Overall, production recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Medical gel preparations production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Australia

Medical gel preparations exports from Australia reduced sharply to X tons in 2022, dropping by X% on the year before. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports declined dramatically to $X in 2022. Over the period under review, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for medical gel preparations exports from Australia, with a X% share of total exports. Moreover, medical gel preparations exports to New Zealand exceeded the volume sent to the second major destination, South Africa (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Singapore (X% per year).

In value terms, the largest markets for medical gel preparations exported from Australia were New Zealand ($X), Singapore ($X) and South Africa ($X), together comprising X% of total exports.

Among the main countries of destination, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to New Zealand ($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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Gel Preparations Imports

Imports into Australia

For the third consecutive year, Australia recorded growth in supplies from abroad of gel preparations for human or veterinary medicine, which increased by X% to X tons in 2022. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, medical gel preparations imports shrank to $X in 2022. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Switzerland (X tons), Ireland (X tons) and the United States (X tons) were the main suppliers of medical gel preparations imports to Australia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and China ($X) appeared to be the largest medical gel preparations suppliers to Australia, together accounting for X% of total imports. Ireland, Canada, New Zealand, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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