Portugal: Syringe Market 2024

Syringe Market Size in Portugal

After two years of growth, the Portuguese syringe market decreased by -22% to $X in 2022. In general, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.7% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Syringe Production in Portugal

In value terms, syringe production contracted to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 91%. Syringe production peaked at $X in 2021, and then fell in the following year.

Syringe Exports

Exports from Portugal

In 2022, exports of syringes, with or without needles from Portugal surged to X units, rising by 28% against the year before. In general, exports posted prominent growth. The growth pace was the most rapid in 2018 when exports increased by 70% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, syringe exports dropped modestly to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +2.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 43% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for syringe exports from Portugal, accounting for a 49% share of total exports. Moreover, syringe exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), twofold. Angola (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.5% per year) and Angola (-2.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for syringes, with or without needles exports from Portugal, comprising 49% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Angola, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+14.7% per year) and Angola (-1.2% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, reducing by -22.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Cabo Verde ($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 the Netherlands (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Portugal

In 2022, supplies from abroad of syringes, with or without needles decreased by -4.4% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +20.2% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, imports reached the maximum at X units in 2021, and then declined slightly in the following year.

In value terms, syringe imports reduced notably to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +42.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest supplier of syringe to Portugal, accounting for a 34% share of total imports. Moreover, syringe imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Belgium (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.7% per year) and Belgium (+28.3% per year).

In value terms, the largest syringe suppliers to Portugal were Spain ($X), Germany ($X) and the Netherlands ($X), with a combined 60% share of total imports. China, Belgium, France and Italy lagged somewhat behind, together comprising a further 29%.

China, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average syringe import price amounted to $X per thousand units, waning by -17.9% against the previous year. Overall, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31%. The import price peaked at $X per thousand units in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Netherlands ($X per thousand units), while the price for China ($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 the Netherlands (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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