Luxembourg: Syringe Market 2024

Syringe Market Size in Luxembourg

The Luxembourg syringe market shrank notably to $X in 2022, with a decrease of -49.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a temperate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Syringe Exports

Exports from Luxembourg

In 2022, approx. X units of syringes, with or without needles were exported from Luxembourg; approximately mirroring 2021. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 252% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, syringe exports dropped rapidly to $X in 2022. In general, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 188% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units) was the main destination for syringe exports from Luxembourg, with a 67% share of total exports. Moreover, syringe exports to Austria exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by Belgium (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled +299.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+210.0% per year) and Belgium (-26.3% per year).

In value terms, Austria ($X) remains the key foreign market for syringes, with or without needles exports from Luxembourg, comprising 91% of total exports. The second position in the ranking was taken by Germany ($X), with a 4% share of total exports. It was followed by Belgium, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Austria totaled +80.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+133.1% per year) and Belgium (-34.9% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, which is down by -32.6% against the previous year. Overall, the export price, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to the Netherlands (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 France (+0.7%), while the prices for the other major destinations experienced a decline.

Syringe Imports

Imports into Luxembourg

In 2022, approx. X units of syringes, with or without needles were imported into Luxembourg; waning by -41.1% compared with 2021 figures. In general, imports showed a mild downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 560%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, syringe imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Germany (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of syringe imports to Luxembourg, together comprising 84% of total imports. France, China and the United States lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +125.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Germany ($X) appeared to be the largest syringe suppliers to Luxembourg, together comprising 69% of total imports.

China, with a CAGR of +158.0%, saw the highest growth rate of 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, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 1,025%. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($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 Arab Emirates (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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