Europe: Syringe Market 2024

Syringe Market Size in Europe

After six years of growth, the Europe syringe market decreased by -0.9% to $X in 2022. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +65.4% against 2015 indices. As a result, consumption reached the peak level of $X, leveling off in the following year.

Syringe Production in Europe

In value terms, syringe production dropped to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +61.6% against 2018 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 26%. The level of production peaked at $X in 2021, and then fell in the following year.

Syringe Exports

Exports in Europe

In 2022, overseas shipments of syringes, with or without needles decreased by -1.4% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, syringe exports rose to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by 19%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from France (X units), Germany (X units), Spain (X units), Belgium (X units) and Switzerland (X units), together recording 70% of total export. Ireland (X units) held the next position in the ranking, followed by Italy (X units). All these countries together held approx. 11% share of total exports. The Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +9.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest syringe supplying countries in Europe were France ($X), Germany ($X) and Switzerland ($X), with a combined 56% share of total exports. Italy, the Netherlands, Belgium, Spain and Ireland lagged somewhat behind, together accounting for a further 28%.

In terms of the main exporting countries, Italy, with a CAGR of +14.0%, saw the highest rates of growth with regard to 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

The export price in Europe stood at $X per unit in 2022, growing by 4.1% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, syringe export price increased by +35.6% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by 30% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Spain (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 Germany (+13.6%), while the other leaders experienced more modest paces of growth.

Syringe Imports

Imports in Europe

In 2022, purchases abroad of syringes, with or without needles decreased by -7.3% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 12% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, syringe imports contracted modestly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +59.9% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, France (X units) and Germany (X units) were the largest importers of syringes, with or without needles in Europe, together constituting 34% of total imports. The UK (X units) ranks next in terms of the total imports with an 8.5% share, followed by Switzerland (8%), Belgium (7.2%), Italy (7.1%), Spain (6.9%), Russia (6.8%) and the Netherlands (5.1%).

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 48% of total imports. Italy, Switzerland, Belgium, the UK, Spain and Russia lagged somewhat behind, together accounting for a further 34%.

In terms of the main importing countries, Switzerland, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, rising by 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Russia ($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 Netherlands (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform