Canada: Syringe Market 2024

Syringe Market Size in Canada

The Canadian syringe market surged to $X in 2022, picking up by 22% 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 a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +66.7% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Syringe Exports

Exports from Canada

In 2022, shipments 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, exports, however, continue to indicate a deep contraction. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, syringe exports dropped significantly to $X in 2022. In general, exports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 178%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

The United States (X units) was the main destination for syringe exports from Canada, with a 84% share of total exports. It was followed by Switzerland (X units), with a 1.9% share of total exports. The third position in this ranking was held by Germany (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+17.1% per year) and Germany (+42.6% per year).

In value terms, the United States ($X) remains the key foreign market for syringes, with or without needles exports from Canada, comprising 84% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 1.9% share of total exports. It was followed by Germany, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+40.0% per year) and Germany (+70.6% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, waning by -67.4% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 771%. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per unit) and the United States ($X per unit), while the average price for exports to South Korea ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Canada

Syringe imports into Canada skyrocketed to X units in 2022, growing by 34% compared with the previous year. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +99.3% against 2015 indices. The growth pace was the most rapid in 2013 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, syringe imports expanded significantly to $X in 2022. Overall, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +60.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest syringe supplier to Canada, with a 61% share of total imports. Moreover, syringe imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Japan (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.3% per year) and Japan (+7.0% per year).

In value terms, the United States ($X) constituted the largest supplier of syringes, with or without needles to Canada, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Japan, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.4% per year) and Japan (+1.1% per year).

Import Prices by Country

In 2022, the average syringe import price amounted to $X per unit, declining by -14.6% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($X per unit) and Mexico ($X per unit), while the price for Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (-5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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