Southern Asia: Surgical Glove Market 2024

Surgical Glove Market Size in Southern Asia

In 2022, the South Asian surgical glove market increased by X% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Surgical Glove Production in Southern Asia

In value terms, surgical glove production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Surgical Glove Exports

Exports in Southern Asia

In 2022, shipments abroad of surgical gloves decreased by X% to X pairs, falling for the third consecutive year after four years of growth. Overall, exports showed a pronounced descent. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of X pairs. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, surgical glove exports plummeted to $X in 2022. In general, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sri Lanka (X pairs) was the main exporter of surgical gloves, achieving X% of total exports. It was distantly followed by India (X pairs), committing a X% share of total exports.

Sri Lanka experienced a relatively flat trend pattern with regard to volume of exports of surgical gloves. India (X%) illustrated a downward trend over the same period. While the share of Sri Lanka (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, Sri Lanka ($X) remains the largest surgical glove supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sri Lanka amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per pair in 2022, flattening at the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per pair), while Sri Lanka amounted to $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Surgical Glove Imports

Imports in Southern Asia

In 2022, imports of surgical gloves in Southern Asia declined markedly to X pairs, with a decrease of X% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, surgical glove imports shrank remarkably to $X in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

India represented the main importer of surgical gloves in Southern Asia, with the volume of imports accounting for X pairs, which was near X% of total imports in 2022. Bangladesh (X pairs) ranks second in terms of the total imports with an X% share, followed by Pakistan (X%), Nepal (X%), Sri Lanka (X%) and Afghanistan (X%). Maldives (X pairs) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%), Maldives (X%), Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.), Nepal (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.), India (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported surgical gloves in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Nepal, with an X% share.

In India, surgical glove imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per pair, picking up by X% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per pair), while Pakistan (less than $X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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