Hong Kong SAR, China: Market for Sterile Surgical Or Dental Adhesion Barriers 2023

Market Size for Sterile Surgical Or Dental Adhesion Barriers in Hong Kong SAR, China

The Hong Kong sterile medical adhesion barrier market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sterile medical adhesion barrier consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Sterile Surgical Or Dental Adhesion Barriers in Hong Kong SAR, China

In value terms, sterile medical adhesion barrier production stood at $X in 2021 estimated in export price. Overall, production recorded a slight increase. The growth pace was the most rapid in 2015 with an increase of 40% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Sterile Surgical Or Dental Adhesion Barriers

Exports from Hong Kong SAR, China

In 2021, overseas shipments of sterile surgical or dental adhesion barriers decreased by -13.2% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by 115% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, sterile medical adhesion barrier exports contracted slightly to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2014 with an increase of 149%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for sterile medical adhesion barrier exports from Hong Kong SAR, accounting for a 76% share of total exports. Moreover, sterile medical adhesion barrier exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+20.5% per year) and Japan (+2.8% per year).

In value terms, China ($X) remains the key foreign market for sterile surgical or dental adhesion barriers exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+25.1% per year) and Japan (+6.7% per year).

Export Prices by Country

The average sterile medical adhesion barrier export price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2014 an increase of 16% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sterile Surgical Or Dental Adhesion Barriers

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of sterile surgical or dental adhesion barriers was finally on the rise to reach X tons after two years of decline. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 22%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, sterile medical adhesion barrier imports soared to $X in 2021. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by 33% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of sterile medical adhesion barrier to Hong Kong SAR, with a 57% share of total imports. Moreover, sterile medical adhesion barrier imports from Singapore exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+46.0% per year) and China (+25.5% per year).

In value terms, Singapore ($X) constituted the largest supplier of sterile surgical or dental adhesion barriers to Hong Kong SAR, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Singapore totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+50.8% per year) and China (+29.9% per year).

Import Prices by Country

In 2021, the average sterile medical adhesion barrier import price amounted to $X per ton, picking up by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and Turkey ($X per ton), while the price for Singapore ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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