Argentina: Syringe Market 2024

Syringe Market Size in Argentina

The Argentinian syringe market surged to $X in 2022, jumping by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a tangible expansion. Syringe consumption peaked in 2022 and is expected to retain growth in the immediate term.

Syringe Exports

Exports from Argentina

In 2022, the amount of syringes, with or without needles exported from Argentina reached X units, increasing by 3.9% on the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 89% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, syringe exports declined to $X in 2022. Overall, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2013 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for syringe exports from Argentina, accounting for a 60% share of total exports. Moreover, syringe exports to Uruguay exceeded the volume sent to the second major destination, Chile (X units), threefold. Paraguay (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+4.4% per year) and Paraguay (-9.5% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for syringes, with or without needles exports from Argentina, comprising 66% of total exports. The second position in the ranking was held by Chile ($X), with a 17% share of total exports. It was followed by Paraguay, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+3.9% per year) and Paraguay (-16.2% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, declining by -8.8% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.7%), while the prices for the other major destinations experienced a decline.

Syringe Imports

Imports into Argentina

Syringe imports into Argentina was estimated at X units in 2022, growing by 7.6% compared with the previous year's figure. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +111.3% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 81%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, syringe imports skyrocketed to $X in 2022. Overall, imports showed strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 82%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of syringe to Argentina, with a 53% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by Paraguay (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+134.6% per year) and Paraguay (+120.8% per year).

In value terms, China ($X) constituted the largest supplier of syringes, with or without needles to Argentina, comprising 40% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+81.8% per year) and Mexico (+7.3% per year).

Import Prices by Country

In 2022, the average syringe import price amounted to $X per unit, jumping by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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