U.S.: Adhesive Bandage Market 2023

Adhesive Bandage Market Size in the U.S.

For the eighth year in a row, the U.S. adhesive bandage market recorded growth in sales value, which increased by 1.5% to $X in 2022. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.6% against 2012 indices. Adhesive bandage consumption peaked in 2022 and is likely to see gradual growth in years to come.

Adhesive Bandage Production in the U.S.

In value terms, adhesive bandage production expanded modestly to $X in 2022. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Adhesive Bandage Exports

Exports from the U.S.

In 2022, shipments abroad of adhesive bandages increased by 16% to X tons, rising for the fifth consecutive year after four years of decline. In general, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, adhesive bandage exports totaled $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Canada (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of adhesive bandage exports from the United States, with a combined 48% share of total exports. These countries were followed by Italy, the Netherlands, Singapore, Taiwan (Chinese), China, the Dominican Republic, Japan, Australia and South Korea, which together accounted for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +19.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for adhesive bandages exports from the United States, comprising 30% of total exports. The second position in the ranking was held by Canada ($X), with a 14% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+7.1% per year) and Germany (+1.6% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, falling by -2.5% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, adhesive bandage export price increased by +18.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per ton, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($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 South Korea (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Bandage Imports

Imports into the U.S.

In 2022, approx. X tons of adhesive bandages were imported into the United States; growing by 7.4% on the previous year's figure. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, adhesive bandage imports rose significantly to $X in 2022. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of adhesive bandage to the United States, with a 53% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Mexico (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.2% per year) and Mexico (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of adhesive bandages to the United States, comprising 32% of total imports. The second position in the ranking was held by Mexico ($X), with a 13% share of total imports. It was followed by Japan, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+17.7% per year) and Japan (-0.3% per year).

Import Prices by Country

The average adhesive bandage import price stood at $X per ton in 2022, with an increase of 3.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 17%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 UK (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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