Austria: Syringe Market 2024

Syringe Market Size in Austria

In 2022, the Austrian syringe market increased by 13% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Syringe Production in Austria

In value terms, syringe production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Syringe Exports

Exports from Austria

In 2022, after two years of decline, there was significant growth in shipments abroad of syringes, with or without needles, when their volume increased by 29% to X units. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 140% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, syringe exports surged to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 96%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for syringe exports from Austria, accounting for a 54% share of total exports. Moreover, syringe exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by Sweden (X units), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.2% per year) and Sweden (+26.7% per year).

In value terms, the largest markets for syringe exported from Austria were Germany ($X), China ($X) and the United States ($X), together comprising 68% of total exports.

China, with a CAGR of +97.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average syringe export price amounted to $X per unit, picking up by 28% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 67%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Portugal ($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 (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Austria

In 2022, purchases abroad of syringes, with or without needles was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 128%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, syringe imports surged to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 128% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Taiwan (Chinese) (X units) and France (X units) were the main suppliers of syringe imports to Austria, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +66.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of syringes, with or without needles to Austria, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by France, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +55.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.0% per year) and France (+25.0% per year).

Import Prices by Country

The average syringe import price stood at $X per unit in 2022, with a decrease of -10.4% against the previous year. In general, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 124% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

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 Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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