Eastern Asia: Market for Medical, Surgical or Laboratory Sterilizers 2024

Market Size for Medical, Surgical or Laboratory Sterilizers in Eastern Asia

The East Asian medical or laboratory sterilizer market stood at $X.8B in 2022, picking up by X% against the previous year. Overall, consumption recorded a significant increase. The level of consumption peaked at $X.3B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Medical, Surgical or Laboratory Sterilizers in Eastern Asia

In value terms, medical or laboratory sterilizer production rose rapidly to $X.3B in 2022 estimated in export price. In general, production recorded a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X.9B in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Medical, Surgical or Laboratory Sterilizers

Exports in Eastern Asia

In 2022, shipments abroad of medical, surgical or laboratory sterilizers increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, medical or laboratory sterilizer exports fell to $X in 2022. Total exports indicated a buoyant increase 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the largest exporter of medical, surgical or laboratory sterilizers in Eastern Asia, creating X% of total export.

China was also the fastest-growing in terms of the medical, surgical or laboratory sterilizers exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest medical or laboratory sterilizer supplier in Eastern Asia.

In China, medical or laboratory sterilizer exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Medical, Surgical or Laboratory Sterilizers

Imports in Eastern Asia

In 2022, purchases abroad of medical, surgical or laboratory sterilizers decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, medical or laboratory sterilizer imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The countries with the highest levels of medical or laboratory sterilizer imports in 2022 were South Korea (X units), Japan (X units), Hong Kong SAR (X units), China (X units) and Taiwan (Chinese) (X units), together accounting for X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X) constitutes the largest market for imported medical, surgical or laboratory sterilizers in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

In China, medical or laboratory sterilizer imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, showed notable growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined modestly in the following year.

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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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