Northern America: Syringe Market 2024

Syringe Market Size in Northern America

The North American syringe market amounted to $X in 2022, with an increase of 13% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Syringe Production in Northern America

In value terms, syringe production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 49%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Syringe Exports

Exports in Northern America

In 2022, shipments abroad of syringes, with or without needles increased by 15% to X units, rising for the fifth year in a row after four years of decline. Overall, exports enjoyed a measured increase. The pace of growth appeared the most rapid in 2020 when exports increased by 84% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, syringe exports surged to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United States (X units), together recording 100% of total export.

The United States was also the fastest-growing in terms of the syringes, with or without needles exports, with a CAGR of +4.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest syringe supplier in Northern America.

In the United States, syringe exports expanded at an average annual rate of +3.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, rising by 1.5% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2014 when the export price increased by 47% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.4% per year.

Syringe Imports

Imports in Northern America

In 2022, after two years of growth, there was significant decline in purchases abroad of syringes, with or without needles, when their volume decreased by -24.2% to X units. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. The volume of import peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, syringe imports stood at $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States represented the major importer of syringes, with or without needles in Northern America, with the volume of imports accounting for X units, which was near 80% of total imports in 2022. It was distantly followed by Canada (X units), achieving a 20% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of syringes, with or without needles. At the same time, Canada (+8.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.0% from 2012-2022. From 2012 to 2022, the share of Canada increased by +9.2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported syringes, with or without needles in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +10.5%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, picking up by 35% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, syringe import price increased by +63.4% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 49%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%).

Source: IndexBox Platform

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