Asia-Pacific: Syringe Market 2024

Syringe Market Size in Asia-Pacific

The Asia-Pacific syringe market was estimated at $X in 2022, with an increase of 2.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Syringe Production in Asia-Pacific

In value terms, syringe production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 11%. Over the period under review, production reached the peak level at $X in 2021, and then dropped modestly in the following year.

Syringe Exports

Exports in Asia-Pacific

In 2022, the amount of syringes, with or without needles exported in Asia-Pacific shrank to X units, which is down by -10.1% against 2021. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +9.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, syringe exports dropped to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 27%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

China prevails in exports structure, recording X units, which was approx. 81% of total exports in 2022. It was distantly followed by India (X units), comprising a 6.4% share of total exports. The following exporters - Indonesia (X units), South Korea (X units) and the Philippines (X units) - together made up 6.9% of total exports.

Exports from China increased at an average annual rate of +10.7% from 2012 to 2022. At the same time, Indonesia (+16.4%) and India (+11.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +16.4% from 2012-2022. By contrast, South Korea (-6.2%) and the Philippines (-16.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Indonesia increased by +24, +2.1 and +1.7 percentage points, respectively.

In value terms, China ($X) remains the largest syringe supplier in Asia-Pacific, comprising 65% of total exports. The second position in the ranking was held by India ($X), with a 4.3% share of total exports. It was followed by the Philippines, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +7.2%. In the other countries, the average annual rates were as follows: India (+10.0% per year) and the Philippines (-9.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per thousand units in 2022, stabilizing at the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per thousand units), while India ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.9%), while the other leaders experienced more modest paces of growth.

Syringe Imports

Imports in Asia-Pacific

In 2022, purchases abroad of syringes, with or without needles increased by 1.2% to X units, rising for the fourth year in a row after three years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, syringe imports contracted to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +34.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X units) and India (X units) represented the main importers of syringes, with or without needles in 2022, recording near 24% and 17% of total imports, respectively. It was distantly followed by Japan (X units), Thailand (X units), South Korea (X units) and Australia (X units), together committing a 26% share of total imports. Taiwan (Chinese) (X units), Singapore (X units), Indonesia (X units), Vietnam (X units), Myanmar (X units), Pakistan (X units) and Hong Kong SAR (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported syringes, with or without needles in Asia-Pacific, comprising 30% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Japan, with a 10% share.

In China, syringe imports expanded at an average annual rate of +8.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+11.2% per year) and Japan (+1.2% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, reducing by -7.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Myanmar (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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