China: Syringe Market 2024

Syringe Market Size in China

The Chinese syringe market skyrocketed to $X in 2022, growing by 17% against the previous year. In general, consumption, however, recorded a pronounced descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Syringe Production in China

In value terms, syringe production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 21%. Syringe production peaked at $X in 2021, and then reduced modestly in the following year.

Syringe Exports

Exports from China

In 2022, the amount of syringes, with or without needles exported from China fell to X units, declining by -12.6% compared with the year before. In general, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 47% against the previous year. 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 shrank rapidly to $X in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

The United States (X units) was the main destination for syringe exports from China, accounting for a 12% share of total exports. Moreover, syringe exports to the United States exceeded the volume sent to the second major destination, Russia (X units), twofold. The third position in this ranking was held by Brazil (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+11.1% per year) and Brazil (+18.4% per year).

In value terms, the United States ($X) remains the key foreign market for syringes, with or without needles exports from China, comprising 20% of total exports. The second position in the ranking was held by the UK ($X), with a 4.3% share of total exports. It was followed by Russia, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.1% per year) and Russia (+7.5% per year).

Export Prices by Country

In 2022, the average syringe export price amounted to $X per thousand units, falling by -5.2% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 24% against the previous year. The export price peaked at $X per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per thousand units), while the average price for exports to Mexico ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into China

In 2022, after six years of growth, there was significant decline in overseas purchases of syringes, with or without needles, when their volume decreased by -19.2% to X units. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, syringe imports fell slightly to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of syringe to China, with a 29% share of total imports. Moreover, syringe imports from Mexico exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Germany (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.2% per year) and Germany (+9.0% per year).

In value terms, the largest syringe suppliers to China were Mexico ($X), the United States ($X) and Switzerland ($X), with a combined 55% share of total imports. Germany, the UK, France, Hungary, Denmark, Spain and Singapore lagged somewhat behind, together accounting for a further 28%.

Hungary, with a CAGR of +277.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average syringe import price stood at $X per unit in 2022, picking up by 23% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 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 Switzerland ($X per unit), while the price for Singapore ($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 United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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