Australia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Australia

In 2023, the Australian medical gel preparations market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, the total consumption indicated a pronounced expansion 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Medical Gel Preparations Production in Australia

In value terms, medical gel preparations production surged to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Medical gel preparations production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Australia

In 2023, the amount of gel preparations for human or veterinary medicine exported from Australia dropped sharply to X tons, which is down by X% compared with the previous year's figure. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, medical gel preparations exports contracted markedly to $X in 2023. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for medical gel preparations exports from Australia, with a X% share of total exports. Moreover, medical gel preparations exports to New Zealand exceeded the volume sent to the second major destination, South Africa (X tons), twofold. The third position in this ranking was taken by the Philippines (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the Philippines (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Australia, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual growth rate of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2023, the average medical gel preparations export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and the Philippines ($X per ton), while the average price for exports to Singapore ($X per ton) and Fiji ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Australia

For the fourth year in a row, Australia recorded growth in overseas purchases of gel preparations for human or veterinary medicine, which increased by X% to X tons in 2023. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, medical gel preparations imports soared to $X in 2023. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Switzerland (X tons) constituted the largest supplier of medical gel preparations to Australia, accounting for a X% share of total imports. Moreover, medical gel preparations imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Switzerland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Switzerland ($X), the United States ($X) and China ($X) were the largest medical gel preparations suppliers to Australia, with a combined X% share of total imports. Germany, Italy, Ireland, Canada, New Zealand, the Netherlands, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform