Republic of Korea: Market for Sterile Surgical Or Dental Adhesion Barriers 2024

Market Size for Sterile Surgical Or Dental Adhesion Barriers in Republic of Korea

The South Korean sterile medical adhesion barrier market reduced modestly to $X in 2023, which is down by X% against the previous year. In general, consumption, however, showed moderate growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Sterile Surgical Or Dental Adhesion Barriers in Republic of Korea

In value terms, sterile medical adhesion barrier production contracted modestly to $X in 2023 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

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Exports of Sterile Surgical Or Dental Adhesion Barriers

Exports from Republic of Korea

In 2023, overseas shipments of sterile surgical or dental adhesion barriers decreased by X% to X tons, falling for the second consecutive year after five years of growth. Overall, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, sterile medical adhesion barrier exports reduced slightly to $X in 2023. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then dropped modestly in the following year.

Exports by Country

China (X tons), the United States (X tons) and Brazil (X tons) were the main destinations of sterile medical adhesion barrier exports from South Korea, with a combined X% share of total exports. Denmark, the Netherlands, the UK, New Zealand, Malaysia, Poland, Turkey, Australia, Germany and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sterile medical adhesion barrier exported from South Korea were Brazil ($X), the United States ($X) and China ($X), together comprising X% of total exports. The UK, the Netherlands, Germany, Poland, Turkey, Australia, Denmark, South Africa, Malaysia and New Zealand lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average sterile medical adhesion barrier export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sterile medical adhesion barrier export price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sterile Surgical Or Dental Adhesion Barriers

Imports into Republic of Korea

In 2023, sterile medical adhesion barrier imports into South Korea contracted modestly to X tons, declining by X% against the previous year. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, sterile medical adhesion barrier imports dropped to $X in 2023. In general, total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then declined slightly in the following year.

Imports by Country

The United States (X tons), the Dominican Republic (X tons) and Mexico (X tons) were the main suppliers of sterile medical adhesion barrier imports to South Korea, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and the Dominican Republic ($X) constituted the largest sterile medical adhesion barrier suppliers to South Korea, together accounting for X% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average sterile medical adhesion barrier import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sterile medical adhesion barrier import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform