CIS: Syringe Market 2024

Syringe Market Size in CIS

In 2022, the CIS syringe market increased by 1.2% to $X, rising for the fifth consecutive year after two years of decline. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +63.6% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Syringe Production in CIS

In value terms, syringe production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then dropped in the following year.

Syringe Exports

Exports in CIS

For the seventh consecutive year, the CIS recorded growth in shipments abroad of syringes, with or without needles, which increased by 13% to X units in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 294%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, syringe exports rose significantly to $X in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 126%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Uzbekistan (X units) represented the major exporter of syringes, with or without needles, mixing up 43% of total exports. Russia (X units) ranks second in terms of the total exports with a 22% share, followed by Kazakhstan (21%) and Armenia (10%). Belarus (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +176.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest syringe supplying countries in the CIS were Russia ($X), Uzbekistan ($X) and Belarus ($X), with a combined 78% share of total exports.

Among the main exporting countries, Belarus, with a CAGR of +427.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to less than $X per unit, leveling off at the previous year. In general, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when the export price increased by 18%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Kazakhstan (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 Belarus (+91.0%), while the other leaders experienced a decline in the export price figures.

Syringe Imports

Imports in CIS

In 2022, approx. X units of syringes, with or without needles were imported in the CIS; increasing by 24% on the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, syringe imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Russia was the key importing country with an import of around X units, which amounted to 65% of total imports. Kazakhstan (X units) ranks second in terms of the total imports with a 13% share, followed by Uzbekistan (12%). The following importers - Azerbaijan (X units), Kyrgyzstan (X units), Moldova (X units) and Tajikistan (X units) - each amounted to a 7.9% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to syringe imports into Russia stood at +1.0%. At the same time, Kazakhstan (+15.3%), Uzbekistan (+4.7%), Moldova (+4.4%) and Kyrgyzstan (+1.3%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.3% from 2012-2022. By contrast, Tajikistan (-3.2%) and Azerbaijan (-4.4%) illustrated a downward trend over the same period. While the share of Kazakhstan (+9.3 p.p.) and Uzbekistan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Azerbaijan (-2.4 p.p.) and Russia (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported syringes, with or without needles in the CIS, comprising 73% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.4% share of total imports. It was followed by Uzbekistan, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to +3.0%. In the other countries, the average annual rates were as follows: Kazakhstan (+1.6% per year) and Uzbekistan (+3.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per thousand units in 2022, dropping by -19.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per thousand units, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per thousand units), while Uzbekistan ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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