Adhesive Bandage Import in United States Soars 28% to New Record of $85M in March 2023
U.S. Adhesive Bandage Imports
In March 2023, approximately 3.2K tons of adhesive bandages were imported into the United States; picking up by 30% against the previous month. Over the period under review, imports, however, saw a slight contraction.
In value terms, adhesive bandage imports skyrocketed to $85M (IndexBox estimates) in March 2023. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In March 2023, China (1.5K tons) constituted the largest supplier of adhesive bandage to the United States, accounting for a 46% share of total imports. Moreover, adhesive bandage imports from China exceeded the figures recorded by the second-largest supplier, Japan (297 tons), fivefold. The third position in this ranking was taken by Germany (289 tons), with a 9% share.
From March 2022 to March 2023, the average monthly growth rate of volume from China amounted to -2.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-0.9% per month) and Germany (-0.2% per month).
In value terms, the largest adhesive bandage suppliers to the United States were China ($21M), Mexico ($13M) and Germany ($10M), with a combined 52% share of total imports. Japan, Brazil, the UK, the Dominican Republic, Italy and France lagged somewhat behind, together accounting for a further 27%.
Italy, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In March 2023, the adhesive bandage price amounted to $26,657 per ton (CIF, US), almost unchanged from the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in April 2022 an increase of 27% against the previous month. Over the period under review, average import prices hit record highs at $27,682 per ton in July 2022; however, from August 2022 to March 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($86,489 per ton), while the price for France ($5,095 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.