Italy: Syringe Market 2024

Syringe Market Size in Italy

The Italian syringe market fell to $X in 2022, with a decrease of -6.6% against the previous year. In general, consumption, however, recorded measured growth. Syringe consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Syringe Production in Italy

In value terms, syringe production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, posted a measured expansion. The pace of growth appeared the most rapid in 2019 with an increase of 319% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then plummeted in the following year.

Syringe Exports

Exports from Italy

In 2022, after three years of growth, there was decline in overseas shipments of syringes, with or without needles, when their volume decreased by -0.9% to X units. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +31.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 26% against the previous year. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, syringe exports totaled $X in 2022. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2013 with an increase of 74% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Switzerland (X units) and Germany (X units) were the main destinations of syringe exports from Italy, with a combined 54% share of total exports. The United States, Spain, Belgium, the UK, Hungary, Greece, Ireland, South Korea, the Netherlands and Portugal lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +39.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for syringe exported from Italy were Switzerland ($X), France ($X) and the United States ($X), with a combined 50% share of total exports. Germany, Spain, Belgium, Ireland, South Korea, Hungary, the UK, the Netherlands, Greece and Portugal lagged somewhat behind, together comprising a further 33%.

Ireland, with a CAGR of +76.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, rising by 6% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.4% 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 +75.8% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 46% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Italy

Syringe imports into Italy contracted notably to X units in 2022, which is down by -16.1% on the previous year's figure. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +23.7% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 70% against the previous year. Imports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, syringe imports rose remarkably to $X in 2022. In general, total imports indicated pronounced growth 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, imports increased by +64.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of syringe to Italy, with a 37% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Belgium (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.1% per year) and Belgium (-0.6% per year).

In value terms, the largest syringe suppliers to Italy were France ($X), Switzerland ($X) and the Netherlands ($X), with a combined 65% share of total imports. The United States, China, Belgium, Germany and Tunisia lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, the United States, with a CAGR of +13.8%, recorded 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 average syringe import price stood at $X per unit in 2022, rising by 26% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 the Netherlands ($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 Tunisia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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