For Southeast Asian exporters in the health and wellness equipment space, the past year has presented a confounding paradox. According to Alibaba.com internal data, the global trade amount for this broad category plummeted by 12.85% year-over-year in 2025. This follows a peak in 2022 and a period of stagnation, painting a picture of a market in retreat. However, a deeper look at buyer behavior reveals a startling contradiction: the number of active buyers (AB rate) actually increased by 8.3% during the same period. This divergence between falling revenue and rising buyer count is the hallmark of a brutal, all-consuming price war.
Further evidence of this race to the bottom is found in the product-level metrics. The average number of buyers per product (AB per product) has declined sharply by 34.4%, from 3.2 in 2024 to just 2.1 in 2025. This means that while more buyers are entering the market, they are spreading their attention—and their spending—across a far greater number of competing listings. The result is a hyper-competitive environment where individual sellers struggle to capture meaningful value, and the overall market shrinks as average selling prices collapse.

