Hong Kong SAR, China: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Hong Kong SAR, China

The Hong Kong medical gel preparations market dropped to $X in 2022, declining by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Medical Gel Preparations Production in Hong Kong SAR, China

In value terms, medical gel preparations production fell notably to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Medical Gel Preparations Exports

Exports from Hong Kong SAR, China

In 2022, exports of gel preparations for human or veterinary medicine from Hong Kong SAR dropped significantly to X tons, waning by X% on the previous year. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, medical gel preparations exports shrank sharply to $X in 2022. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for medical gel preparations exports from Hong Kong SAR, with a X% share of total exports. Moreover, medical gel preparations exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Taiwan (Chinese) (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average medical gel preparations export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and Macao SAR ($X per ton), while the average price for exports to Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Hong Kong SAR, China

Medical gel preparations imports into Hong Kong SAR shrank significantly to X tons in 2022, reducing by X% against the previous year. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, medical gel preparations imports contracted notably to $X in 2022. In general, imports, however, saw a remarkable increase. 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. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), the UK (X tons) and China (X tons) were the main suppliers of medical gel preparations imports to Hong Kong SAR, together accounting for X% of total imports. Portugal, Japan, Taiwan (Chinese), Germany, Thailand and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and China ($X) were the largest medical gel preparations suppliers to Hong Kong SAR, with a combined X% share of total imports. Portugal, Japan, Taiwan (Chinese), Germany, Thailand and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest growth rate of 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, with a decrease of X% against the previous year. Overall, the import price showed a slight decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Portugal ($X per ton), while the price for Italy ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :