Southern Asia: Syringe Market 2024

Syringe Market Size in Southern Asia

In 2022, after three years of decline, there was significant growth in the South Asian syringe market, when its value increased by 12% to $X. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Syringe Production in Southern Asia

In value terms, syringe production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Syringe Exports

Exports in Southern Asia

In 2022, after three years of growth, there was decline in shipments abroad of syringes, with or without needles, when their volume decreased by -4.4% to X units. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by 52% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced slightly in the following year.

In value terms, syringe exports expanded remarkably to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 45%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from India (X units), together amounting to 99% of total export.

India was also the fastest-growing in terms of the syringes, with or without needles exports, with a CAGR of +11.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest syringe supplier in Southern Asia.

In India, syringe exports increased at an average annual rate of +10.0% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per thousand units in 2022, surging by 17% against the previous year. Overall, the export price, however, showed a slight decrease. Over the period under review, the export prices attained the maximum at $X per thousand units in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.3% per year.

Syringe Imports

Imports in Southern Asia

In 2022, approx. X units of syringes, with or without needles were imported in Southern Asia; jumping by 64% on the year before. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +70.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, syringe imports stood at $X in 2022. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

India was the main importing country with an import of about X units, which reached 74% of total imports. Pakistan (X units) ranks second in terms of the total imports with an 11% share, followed by Nepal (4.7%). The following importers - Afghanistan (X units), Bangladesh (X units) and Sri Lanka (X units) - together made up 9.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to syringe imports into India stood at +6.9%. At the same time, Nepal (+39.7%), Bangladesh (+19.6%), Pakistan (+3.8%) and Afghanistan (+2.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +39.7% from 2012-2022. By contrast, Sri Lanka (-5.7%) illustrated a downward trend over the same period. While the share of Nepal (+4.4 p.p.), India (+3 p.p.) and Bangladesh (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Afghanistan (-1.7 p.p.), Pakistan (-3.3 p.p.) and Sri Lanka (-5 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported syringes, with or without needles in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 14% share of total imports. It was followed by Bangladesh, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+5.3% per year) and Bangladesh (+15.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, which is down by -37.6% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 2021 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Nepal (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 India (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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