Romania: Syringe Market 2024

Syringe Market Size in Romania

In 2022, after two years of growth, there was significant decline in the Romanian syringe market, when its value decreased by -19.5% to $X. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption increased by +16.3% against 2018 indices. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Syringe Exports

Exports from Romania

Syringe exports from Romania fell modestly to X units in 2022, dropping by -3.5% compared with the previous year's figure. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 80% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, syringe exports dropped to $X in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 161%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X units) was the main destination for syringe exports from Romania, with a 72% share of total exports. Moreover, syringe exports to Bulgaria exceeded the volume sent to the second major destination, Serbia (X units), threefold. Ukraine (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+53.7% per year) and Ukraine (+85.5% per year).

In value terms, Bulgaria ($X) remains the key foreign market for syringes, with or without needles exports from Romania, comprising 48% of total exports. The second position in the ranking was held by Serbia ($X), with a 20% share of total exports. It was followed by Ukraine, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+35.4% per year) and Ukraine (+47.1% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, falling by -4.3% against the previous year. In general, the export price, however, saw a temperate increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 178%. The export price peaked at $X per unit in 2019; however, from 2020 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 Hungary ($X per unit), while the average price for exports to Bulgaria ($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 Italy (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Syringe Imports

Imports into Romania

In 2022, supplies from abroad of syringes, with or without needles increased by 1.5% to X units for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.3% 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 2013 when imports increased by 32%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, syringe imports declined notably to $X in 2022. Overall, imports posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest syringe supplier to Romania, accounting for a 56% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Belgium (X units), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and Belgium (+2.1% per year).

In value terms, the Netherlands ($X), China ($X) and Germany ($X) constituted the largest syringe suppliers to Romania, together accounting for 63% of total imports. Belgium, Turkey, Slovakia and Egypt lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Egypt, with a CAGR of +65.3%, saw the highest rates of growth with regard to 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 average syringe import price amounted to $X per unit, with a decrease of -29.6% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 97%. As a result, import price reached the peak level of $X per unit, and then dropped remarkably in the following year.

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 unit), while the price for Egypt (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 the Netherlands (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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