Peru: Syringe Market 2024

Syringe Market Size in Peru

The Peruvian syringe market contracted to $X in 2022, declining by -2.1% 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). Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.0% against 2019 indices. Syringe consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Syringe Exports

Exports from Peru

In 2022, the amount of syringes, with or without needles exported from Peru dropped to X units, shrinking by -6.1% on the previous year. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 1,672% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, syringe exports contracted to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1,896% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for syringe exports from Peru, with a 61% share of total exports. Moreover, syringe exports to Ecuador exceeded the volume sent to the second major destination, Guatemala (X units), threefold. The third position in this ranking was held by Chile (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-16.9% per year) and Chile (-8.7% per year).

In value terms, Guatemala ($X) remains the key foreign market for syringes, with or without needles exports from Peru, comprising 85% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 3% share of total exports. It was followed by Colombia, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+10.3% per year) and Colombia (+20.8% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, which is down by -2.2% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 decreased by -5.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Ecuador (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 Guatemala (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Peru

In 2022, approx. X units of syringes, with or without needles were imported into Peru; which is down by -3.9% compared with 2021 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +4.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, syringe imports declined modestly to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of syringe to Peru, with a 78% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+64.4% per year) and the United States (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of syringes, with or without needles to Peru, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.3% per year) and Indonesia (+57.5% per year).

Import Prices by Country

The average syringe import price stood at $X per thousand units in 2022, surging by 2.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 9.1% against the previous year. As a result, import price attained the peak level of $X per thousand units. From 2021 to 2022, the average import prices remained 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 United States ($X per thousand units), while the price for Indonesia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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