Slovakia: Syringe Market 2024

Syringe Market Size in Slovakia

The Slovak syringe market shrank modestly to $X in 2022, flattening at the previous year. Overall, consumption saw a noticeable decrease. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Syringe Production in Slovakia

In value terms, syringe production declined to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. Syringe production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Syringe Exports

Exports from Slovakia

Syringe exports from Slovakia totaled X units in 2022, rising by 4.4% compared with the year before. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, syringe exports declined to $X in 2022. In general, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 62%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of syringe exports from Slovakia, with a combined 35% share of total exports. Serbia, Bulgaria, France, Poland, Russia, Denmark, Croatia, Slovenia, Ukraine and Austria lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +57.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for syringe exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Germany ($X), together accounting for 39% of total exports. Bulgaria, Denmark, France, Russia, Serbia, Poland, Ukraine, Croatia, Slovenia and Austria lagged somewhat behind, together comprising a further 35%.

Denmark, with a CAGR of +52.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, dropping by -11.3% against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 40%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Serbia (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 Denmark (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Slovakia

In 2022, syringe imports into Slovakia fell slightly to X units, with a decrease of -2.7% on the previous year's figure. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank in the following year.

In value terms, syringe imports reached $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +24.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 56% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest syringe supplier to Slovakia, with a 58% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Germany (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.2% per year) and Germany (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of syringes, with or without needles to Slovakia, comprising 36% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and Spain (+12.0% per year).

Import Prices by Country

The average syringe import price stood at $X per unit in 2022, picking up by 4.5% against the previous year. Overall, the import price, however, showed a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Spain (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 Spain (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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