Singapore: Surgical Glove Market 2024

Surgical Glove Market Size in Singapore

In 2022, the Singaporean surgical glove market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted modestly in the following year.

Surgical Glove Production in Singapore

In value terms, surgical glove production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Surgical Glove Exports

Exports from Singapore

In 2022, the amount of surgical gloves exported from Singapore soared to X pairs, rising by X% on the year before. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X pairs. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, surgical glove exports skyrocketed to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X pairs), the United States (X pairs) and Japan (X pairs) were the main destinations of surgical glove exports from Singapore, with a combined X% share of total exports. Indonesia, Malaysia, Australia, Germany and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for surgical gloves exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

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

Export Prices by Country

The average surgical glove export price stood at $X per pair in 2022, waning by X% against the previous year. Overall, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per pair, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per pair), while the average price for exports to Oman (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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Surgical Glove Imports

Imports into Singapore

In 2022, surgical glove imports into Singapore surged to X pairs, increasing by X% against the previous year's figure. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X pairs. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, surgical glove imports soared to $X in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X pairs) constituted the largest supplier of surgical glove to Singapore, accounting for a X% share of total imports. Moreover, surgical glove imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X pairs), more than tenfold.

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

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

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

Import Prices by Country

In 2022, the average surgical glove import price amounted to $X per pair, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per pair, and then shrank sharply in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per pair), while the price for Malaysia ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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