Asia: Syringe Market 2024

Syringe Market Size in Asia

The Asian syringe market rose slightly to $X in 2022, picking up by 3.4% against the previous year. Overall, consumption recorded 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

In value terms, syringe production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 11%. The level of production peaked at $X in 2021, and then reduced modestly in the following year.

Syringe Exports

Exports in Asia

Syringe exports contracted to X units in 2022, which is down by -10.2% compared with the previous year's figure. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +10.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by 28%. Over the period under review, the exports hit record highs at X units in 2021, and then declined in the following year.

In value terms, syringe exports reduced to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +12.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 78% of total exports in 2022. It was distantly followed by India (X units), making up a 6.2% share of total exports. The following exporters - Indonesia (X units), South Korea (X units) and the Philippines (X units) - together made up 6.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to syringe exports from China stood at +10.7%. 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, 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 +23, +2 and +1.6 percentage points, respectively.

In value terms, China ($X) remains the largest syringe supplier in Asia, comprising 62% of total exports. The second position in the ranking was taken by India ($X), with a 4.1% share of total exports. It was followed by the Philippines, with a 2.8% share.

In China, syringe exports increased at an average annual rate of +7.2% over the period from 2012-2022. 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 stood at $X per thousand units in 2022, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 38%. As a result, the export price reached the peak level of $X per thousand units. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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

For the fourth consecutive year, Asia recorded growth in purchases abroad of syringes, with or without needles, which increased by 5.9% to X units in 2022. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 9%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, syringe imports declined to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +27.5% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) and India (X units) represented the major importers of syringes, with or without needles in Asia, together constituting 30% of total imports. It was distantly followed by Japan (X units) and Thailand (X units), together mixing up a 12% share of total imports. South Korea (X units), Kazakhstan (X units), Uzbekistan (X units), Turkey (X units), Yemen (X units), Taiwan (Chinese) (X units), Singapore (X units), Indonesia (X units) and Iraq (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kazakhstan (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported syringes, with or without needles in Asia, comprising 27% of total imports. The second position in the ranking was taken by India ($X), with a 9% share of total imports. It was followed by Japan, with a 9% share.

In China, syringe imports increased at an average annual rate of +8.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+11.2% per year) and Japan (+1.2% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by -11.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 14%. As a result, import price attained 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 Singapore ($X per unit), while Uzbekistan (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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