Scandinavia: Syringe Market 2024

Syringe Market Size in Scandinavia

In 2022, the Scandinavia syringe market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Syringe Production in Scandinavia

In value terms, syringe production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded tangible growth. The pace of growth appeared the most rapid in 2015 with an increase of 69%. Over the period under review, production attained the peak level at $X in 2021, and then declined in the following year.

Syringe Exports

Exports in Scandinavia

After three years of growth, shipments abroad of syringes, with or without needles decreased by -14.5% to X units in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 137%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, syringe exports shrank to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +93.1% against 2015 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 34%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Sweden (X units) and Finland (X units) represented roughly 100% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +12.6%).

In value terms, Finland ($X) remains the largest syringe supplier in Scandinavia, comprising 77% of total exports. The second position in the ranking was held by Sweden ($X), with a 22% share of total exports.

In Finland, syringe exports increased at an average annual rate of +6.7% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, with an increase of 3.5% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 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 Finland ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-5.2%).

Syringe Imports

Imports in Scandinavia

In 2022, the amount of syringes, with or without needles imported in Scandinavia fell to X units, which is down by -7.1% against the previous year's figure. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, syringe imports skyrocketed to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +71.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Sweden (X units) represented the main importer of syringes, with or without needles, achieving 57% of total imports. Norway (X units) held the second position in the ranking, followed by Finland (X units). All these countries together held approx. 43% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of syringes, with or without needles. At the same time, Norway (+2.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.2% from 2012-2022. By contrast, Finland (-8.7%) illustrated a downward trend over the same period. While the share of Sweden (+9.5 p.p.) and Norway (+8.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-18.4 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported syringes, with or without needles in Scandinavia, comprising 72% of total imports. The second position in the ranking was taken by Norway ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at +5.4%. In the other countries, the average annual rates were as follows: Norway (+1.9% per year) and Finland (-5.1% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, increasing by 32% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +100.2% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform