Japan: Syringe Market 2024

Syringe Market Size in Japan

After two years of growth, the Japanese syringe market decreased by -3.6% to $X in 2022. The market value increased at an average annual rate of +3.1% over the period 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 2021 with an increase of 7.8% against the previous year. As a result, consumption reached the peak level of $X, and then declined in the following year.

Syringe Production in Japan

In value terms, syringe production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 8.8% against the previous year. Syringe production peaked at $X in 2021, and then dropped modestly in the following year.

Syringe Exports

Exports from Japan

In 2022, the amount of syringes, with or without needles exported from Japan stood at X units, remaining stable against 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 75% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, syringe exports fell modestly to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +14.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X units), the United States (X units) and Belgium (X units) were the main destinations of syringe exports from Japan, together comprising 36% of total exports. Australia, Singapore, Vietnam, Brazil, Germany, China, Hong Kong SAR, Indonesia, Austria and France lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +85.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for syringes, with or without needles exports from Japan, comprising 39% of total exports. The second position in the ranking was held by Vietnam ($X), with a 9.9% share of total exports. It was followed by Belgium, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-4.1% per year) and Belgium (-4.8% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, dropping by -5% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2020 an increase of 10% against the previous year. The export price peaked at $X per unit in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia (less than $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 China (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Japan

In 2022, overseas purchases of syringes, with or without needles decreased by -5.2% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, syringe imports declined notably to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Taiwan (Chinese) (X units), Indonesia (X units) and Thailand (X units) were the main suppliers of syringe imports to Japan, with a combined 67% share of total imports. The United States, China, the Philippines and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Taiwan (Chinese) ($X) and Indonesia ($X) were the largest syringe suppliers to Japan, together comprising 49% of total imports. Germany, China, Thailand and the Philippines lagged somewhat behind, together comprising a further 22%.

Thailand, with a CAGR of +17.4%, saw the highest rates of growth with regard to the value of imports, among 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, falling by -29.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24%. The import price peaked at $X per unit in 2021, and then fell dramatically in the following year.

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 United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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