Eastern Asia: Market for Medical, Surgical or Laboratory Sterilizers 2024

Market Size for Medical, Surgical or Laboratory Sterilizers in Eastern Asia

The East Asian medical or laboratory sterilizer market declined sharply to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a mild slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Medical, Surgical or Laboratory Sterilizers in Eastern Asia

In value terms, medical or laboratory sterilizer production totaled $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Exports of Medical, Surgical or Laboratory Sterilizers

Exports in Eastern Asia

In 2023, the amount of medical, surgical or laboratory sterilizers exported in Eastern Asia surged to X units, rising by X% on the previous year. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, medical or laboratory sterilizer exports expanded remarkably to $X in 2023. Total exports indicated a prominent 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X units) represented the key exporter of medical, surgical or laboratory sterilizers in Eastern Asia, achieving X% of total export.

China was also the fastest-growing in terms of the medical, surgical or laboratory sterilizers exports, with a CAGR of X% from 2012 to 2023. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest medical or laboratory sterilizer supplier in Eastern Asia.

In China, medical or laboratory sterilizer exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Medical, Surgical or Laboratory Sterilizers

Imports in Eastern Asia

In 2023, overseas purchases of medical, surgical or laboratory sterilizers decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, medical or laboratory sterilizer imports shrank modestly to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

South Korea was the largest importer of medical, surgical or laboratory sterilizers in Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. China (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units), Japan (X units) and Hong Kong SAR (X units). All these countries together held near X% share of total imports.

South Korea was also the fastest-growing in terms of the medical, surgical or laboratory sterilizers imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform