Sri Lanka: Surgical Glove Market 2024

Surgical Glove Market Size in Sri Lanka

In 2022, the Sri Lankan surgical glove market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Surgical Glove Production in Sri Lanka

In value terms, surgical glove production stood at $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Surgical Glove Exports

Exports from Sri Lanka

In 2022, overseas shipments of surgical gloves were finally on the rise to reach X pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a slight decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, surgical glove exports surged to $X in 2022. In general, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X pairs) was the main destination for surgical glove exports from Sri Lanka, accounting for a X% share of total exports. Moreover, surgical glove exports to the United States exceeded the volume sent to the second major destination, India (X pairs), twofold. France (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for surgical gloves exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average surgical glove export price amounted to $X per pair, growing by X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price 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, surgical glove export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per pair), while the average price for exports to Russia (less than $X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Surgical Glove Imports

Imports into Sri Lanka

In 2022, purchases abroad of surgical gloves was finally on the rise to reach X pairs for the first time since 2012, thus ending a nine-year declining trend. In general, imports, however, faced a abrupt contraction. Imports peaked at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, surgical glove imports surged to $X in 2022. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X pairs) constituted the largest supplier of surgical glove to Sri Lanka, with a X% share of total imports. Moreover, surgical glove imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X pairs), fivefold. The third position in this ranking was held by Denmark (X pairs), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Denmark (X.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of surgical gloves to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and India (X% per year).

Import Prices by Country

The average surgical glove import price stood at $X per thousand pairs in 2022, growing by X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price 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, surgical glove import price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Denmark ($X per thousand pairs), while the price for India ($X per thousand pairs) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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