MENA: Syringe Market 2024

Syringe Market Size in MENA

In 2022, after two years of decline, there was growth in the MENA's syringe market, when its value increased by 4% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Syringe Production in MENA

In value terms, syringe production totaled $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.3% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 33%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Syringe Exports

Exports in MENA

After two years of growth, shipments abroad of syringes, with or without needles decreased by -15.1% to X units in 2022. Over the period under review, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 98%. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, syringe exports contracted to $X in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2015 when exports increased by 83% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

The shipments of the three major exporters of syringes, with or without needles, namely Turkey, Egypt and Israel, represented more than two-thirds of total export. It was distantly followed by the United Arab Emirates (X units), achieving a 9.4% share of total exports. Jordan (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 key exporting countries, was attained by Israel (with a CAGR of +41.3%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest syringe supplier in MENA, comprising 65% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by Egypt, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value in Israel stood at +37.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+2.3% per year) and Egypt (+18.6% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of 2% against the previous year. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 94% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Israel ($X per unit), while Jordan (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 Turkey (+4.5%), while the other leaders experienced a decline in the export price figures.

Syringe Imports

Imports in MENA

In 2022, purchases abroad of syringes, with or without needles was finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, syringe imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The countries with the highest levels of syringe imports in 2022 were Turkey (X units), Yemen (X units), Iraq (X units), Egypt (X units), Iran (X units), the United Arab Emirates (X units), Israel (X units), Morocco (X units), Libya (X units), Syrian Arab Republic (X units), Algeria (X units) and Lebanon (X units), together amounting to 93% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Algeria (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 36% of total imports. Morocco, the United Arab Emirates, Yemen, Egypt, Iraq, Algeria, Libya, Lebanon and Syrian Arab Republic lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Morocco, with a CAGR of +10.0%, saw the highest growth rate of 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

In 2022, the import price in MENA amounted to $X per unit, shrinking by -6.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2018 when the import price increased by 24%. The level of import peaked at $X per unit in 2021, and then fell in the following year.

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 Israel ($X per unit), while Syrian Arab Republic (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 Iran (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform