Malaysia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Malaysia

In 2022, the Malaysian medical gel preparations market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a pronounced decrease. Medical gel preparations consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Malaysia

In value terms, medical gel preparations production expanded to $X in 2022 estimated in export price. In general, the total production indicated a moderate 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Medical Gel Preparations Exports

Exports from Malaysia

In 2022, approx. X tons of gel preparations for human or veterinary medicine were exported from Malaysia; with an increase of X% on the previous year. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports skyrocketed to $X in 2022. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons), Vietnam (X tons) and Mexico (X tons) were the main destinations of medical gel preparations exports from Malaysia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medical gel preparations exported from Malaysia were the United States ($X), Mexico ($X) and Singapore ($X), with a combined X% share of total exports. Indonesia, the Philippines, Brazil, Thailand, Nigeria, the UK, Guatemala, Vietnam, Hong Kong SAR and Pakistan lagged somewhat behind, together comprising a further X%.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Pakistan ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Malaysia

In 2022, imports of gel preparations for human or veterinary medicine into Malaysia soared to X tons, picking up by X% compared with 2021 figures. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. 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 skyrocketed to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of medical gel preparations to Malaysia, accounting for a X% share of total imports. Moreover, medical gel preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Malaysia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Italy (X% per year).

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Canada ($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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