Australia: Syringe Market 2024

Syringe Market Size in Australia

The Australian syringe market contracted slightly to $X in 2022, waning by -4.8% 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, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.5% against 2018 indices. Syringe consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Syringe Exports

Exports from Australia

Syringe exports from Australia soared to X units in 2022, rising by 25% on the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 74% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, syringe exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), the UK (X units) and Ireland (X units) were the main destinations of syringe exports from Australia, with a combined 55% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) remains the key foreign market for syringes, with or without needles exports from Australia, comprising 34% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by the UK, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.5% per year) and the UK (+12.8% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, leveling off at the previous year. Overall, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2017 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Philippines ($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 China (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Australia

In 2022, imports of syringes, with or without needles into Australia dropped to X units, falling by -7.6% on 2021 figures. In general, imports recorded a perceptible downturn. The growth pace was the most rapid in 2019 with an increase of 74% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, syringe imports dropped to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +87.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 51%. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of syringe to Australia, accounting for a 28% share of total imports. Moreover, syringe imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. The third position in this ranking was taken by Spain (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.0% per year) and Spain (-2.3% per year).

In value terms, the largest syringe suppliers to Australia were the United States ($X), China ($X) and the UK ($X), together comprising 52% of total imports. Singapore, Spain, Japan, the Philippines, France, Germany, Mexico, Belgium, Hungary and Indonesia lagged somewhat behind, together comprising a further 35%.

In terms of the main suppliers, Hungary, with a CAGR of +146.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average syringe import price amounted to $X per unit, increasing by 5.7% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth was the most pronounced in 2017 an increase of 72%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the UK ($X per unit), while the price for Indonesia (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 the Philippines (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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