Malaysia: Adhesive Bandage Market 2023

Adhesive Bandage Market Size in Malaysia

In 2022, the Malaysian adhesive bandage market decreased by -6% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Adhesive Bandage Exports

Exports from Malaysia

In 2022, approx. X tons of adhesive bandages were exported from Malaysia; with an increase of 14% on the previous year's figure. In general, exports saw a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 168%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, adhesive bandage exports reduced to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 211% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for adhesive bandage exports from Malaysia, accounting for a 72% share of total exports. Moreover, adhesive bandage exports to South Africa exceeded the volume sent to the second major destination, Switzerland (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa totaled +104.4%.

In value terms, South Africa ($X) and Switzerland ($X) were the largest markets for adhesive bandage exported from Malaysia worldwide.

South Africa, with a CAGR of +118.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, reducing by -24% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+31.6%), while the prices for the other major destinations experienced mixed trend patterns.

Adhesive Bandage Imports

Imports into Malaysia

For the seventh consecutive year, Malaysia recorded growth in purchases abroad of adhesive bandages, which increased by 6.2% to X tons in 2022. In general, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, adhesive bandage imports contracted to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 79% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of adhesive bandage to Malaysia, accounting for a 80% share of total imports. Moreover, adhesive bandage imports from South Africa exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at +215.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+155.3% per year) and Brazil (+2,715.9% per year).

In value terms, South Africa ($X) constituted the largest supplier of adhesive bandages to Malaysia, comprising 67% of total imports. The second position in the ranking was held by Turkey ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa stood at +185.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+155.6% per year) and Brazil (+1,784.1% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, shrinking by -15.2% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 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 Turkey ($X per ton), while the price for Brazil ($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 (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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