Spain: Syringe Market 2024

Syringe Market Size in Spain

In 2022, after two years of growth, there was decline in the Spanish syringe market, when its value decreased by -0.2% to $X. Over the period under review, the total consumption indicated a strong expansion 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, consumption increased by +64.6% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Syringe Production in Spain

In value terms, syringe production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2016 with an increase of 39%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Syringe Exports

Exports from Spain

In 2022, syringe exports from Spain rose notably to X units, with an increase of 8.3% against the year before. Overall, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, syringe exports shrank rapidly to $X in 2022. In general, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for syringe exports from Spain, accounting for a 67% share of total exports. Moreover, syringe exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), tenfold. The third position in this ranking was taken by China (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+39.4% per year) and China (-1.5% per year).

In value terms, Belgium ($X) remains the key foreign market for syringes, with or without needles exports from Spain, comprising 53% of total exports. The second position in the ranking was held by the UK ($X), with a 6.7% share of total exports. It was followed by China, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+41.8% per year) and China (+1.4% per year).

Export Prices by Country

In 2022, the average syringe export price amounted to $X per thousand units, falling by -26.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 125% against the previous year. As a result, the export price reached the peak level of $X per thousand units. From 2018 to 2022, the average export prices remained at a somewhat 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 Portugal ($X per thousand units), while the average price for exports to Australia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Syringe Imports

Imports into Spain

In 2022, supplies from abroad of syringes, with or without needles decreased by -5.6% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then contracted in the following year.

In value terms, syringe imports reduced slightly to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +94.4% against 2012 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Germany (X units), Belgium (X units) and France (X units) were the main suppliers of syringe imports to Spain, together comprising 56% of total imports. The Netherlands, China, Italy, Switzerland and the United States lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest syringe suppliers to Spain were France ($X), the United States ($X) and Italy ($X), together accounting for 52% of total imports. Switzerland, the Netherlands, Germany, China and Belgium lagged somewhat behind, together accounting for a further 41%.

Among the main suppliers, Switzerland, with a CAGR of +42.8%, 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

In 2022, the average syringe import price amounted to $X per thousand units, picking up by 3.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, average import prices hit record highs at $X per thousand units in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per thousand units), while the price for Belgium ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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