Bahrain: Syringe Market 2024

Syringe Market Size in Bahrain

The Bahraini syringe market totaled $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2020 indices. Syringe consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Syringe Production in Bahrain

In value terms, syringe production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production saw a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 378% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Syringe Exports

Exports from Bahrain

In 2022, the amount of syringes, with or without needles exported from Bahrain shrank to X units, which is down by -3.1% on the year before. Over the period under review, exports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,408% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, syringe exports dropped to $X in 2022. Overall, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,907%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for syringe exports from Bahrain, accounting for a 95% share of total exports. Moreover, syringe exports to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +14.2%.

In value terms, Saudi Arabia ($X) remains the key foreign market for syringes, with or without needles exports from Bahrain, comprising 73% of total exports. The second position in the ranking was held by Kuwait ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +7.8%.

Export Prices by Country

The average syringe export price stood at $X per thousand units in 2022, which is down by -2.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56% against the previous year. The export price peaked at $X per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per thousand units), while the average price for exports to Saudi Arabia stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-0.2%), while the prices for the other major destinations experienced a decline.

Syringe Imports

Imports into Bahrain

In 2022, the amount of syringes, with or without needles imported into Bahrain surged to X units, jumping by 19% compared with the previous year's figure. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 333%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, syringe imports surged to $X in 2022. In general, imports posted prominent growth. The growth pace was the most rapid in 2013 with an increase of 248%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest syringe supplier to Bahrain, accounting for a 78% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +45.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+48.2% per year) and India (+43.8% per year).

In value terms, China ($X), the United States ($X) and the UK ($X) were the largest syringe suppliers to Bahrain, together comprising 45% of total imports. Spain, India, Saudi Arabia and Ireland lagged somewhat behind, together comprising a further 6.8%.

India, with a CAGR of +71.4%, recorded the highest growth rate of the value of imports, among the main suppliers 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, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2016 an increase of 31%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Ireland ($X per unit), while the price for China (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 Ireland (+62.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform