South-Eastern Asia: Syringe Market 2024

Syringe Market Size in South-Eastern Asia

In 2022, after four years of growth, there was decline in the Southeast Asian syringe market, when its value decreased by -1.2% to $X. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +32.4% against 2017 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Syringe Production in South-Eastern Asia

In value terms, syringe production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 24% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then contracted modestly in the following year.

Syringe Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of syringes, with or without needles was finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 16% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, syringe exports rose sharply to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 35% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Indonesia (X units), distantly followed by the Philippines (X units), Singapore (X units), Vietnam (X units) and Thailand (X units) represented the key exporters of syringes, with or without needles, together generating 98% of total exports. Malaysia (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +22.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest syringe supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 14% share of total exports. It was followed by Indonesia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to +9.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (-9.3% per year) and Indonesia (+20.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by 5.9% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 48%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam (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 Singapore (+15.0%), while the other leaders experienced more modest paces of growth.

Syringe Imports

Imports in South-Eastern Asia

In 2022, approx. X units of syringes, with or without needles were imported in South-Eastern Asia; dropping by -2.7% on 2021 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, syringe imports amounted to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +76.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Thailand (X units), distantly followed by Singapore (X units), Indonesia (X units), Vietnam (X units), Myanmar (X units), the Philippines (X units) and Malaysia (X units) represented the key importers of syringes, with or without needles, together committing 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 66% of total imports. Indonesia, Vietnam, the Philippines and Myanmar lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Vietnam, with a CAGR of +12.7%, saw the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per unit in 2022, increasing by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Myanmar (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 Singapore (+10.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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