China: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in China

In 2022, the Chinese medical gel preparations market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in China

In value terms, medical gel preparations production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Medical gel preparations production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Medical Gel Preparations Exports

Exports from China

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from China; picking up by X% compared with 2021 figures. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, medical gel preparations exports rose rapidly to $X in 2022. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for medical gel preparations exports from China, with a X% share of total exports. Moreover, medical gel preparations exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from China, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price 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, medical gel preparations export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Colombia ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into China

In 2022, overseas purchases of gel preparations for human or veterinary medicine decreased by X% to X tons, falling for the third year in a row after eight years of growth. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, medical gel preparations imports plummeted to $X in 2022. In general, imports, however, recorded a tangible increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of medical gel preparations to China, with a X% share of total imports. Moreover, medical gel preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Denmark (X% per year).

In value terms, the United States ($X), Ireland ($X) and Israel ($X) were the largest medical gel preparations suppliers to China, together accounting for X% of total imports.

Among the main suppliers, Ireland, with a CAGR of X%, recorded 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 average medical gel preparations import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Israel ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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