Report Update Nov 1, 2024

Sri Lanka - Syringes, With or Without Needles - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Syringe Market 2024

Syringe Market Size in Sri Lanka

The Sri Lankan syringe market plummeted to $X in 2022, with a decrease of -55.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Syringe Exports

Exports from Sri Lanka

In 2022, shipments abroad of syringes, with or without needles decreased by -79.1% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2020 with an increase of 1,185% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, syringe exports reduced markedly to $X in 2022. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 804%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Seychelles (X units) was the main destination for syringe exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Seychelles totaled -8.2%.

In value terms, Seychelles ($X) also remains the key foreign market for syringes, with or without needles exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Seychelles totaled -3.9%.

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 167% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +222.2% per year.

Syringe Imports

Imports into Sri Lanka

In 2022, imports of syringes, with or without needles into Sri Lanka declined rapidly to X units, dropping by -55.4% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 105%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, syringe imports fell markedly to $X in 2022. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 74% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest syringe supplier to Sri Lanka, with a 69% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fivefold. The third position in this ranking was held by the Philippines (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.5% per year) and the Philippines (+51.2% per year).

In value terms, China ($X) constituted the largest supplier of syringes, with or without needles to Sri Lanka, comprising 42% of total imports. The second position in the ranking was held by the Philippines ($X), with an 11% share of total imports. It was followed by Indonesia, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+2.1% per year) and Indonesia (+102.5% per year).

Import Prices by Country

The average syringe import price stood at $X per thousand units in 2022, leveling off at the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2018 when the average import price increased by 22%. The import price peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the Philippines ($X per thousand units), while the price for Thailand ($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 Indonesia (+78.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for syringes, with or without needles in the world?

The countries with the highest volumes of in 2021 were Bolivia, the United States and India, with a combined 34% share of global consumption.

What are the largest producers of syringes, with or without needles in the world?

The country with the largest volume of syringe production was China, comprising approx. 40% of total volume. Moreover, syringe production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of syringes, with or without needles to Sri Lanka?

In value terms, the largest syringe suppliers to Sri Lanka were India, Hong Kong SAR and Malaysia, with a combined 69% share of total imports.

What is the average export price for syringes, with or without needles in Sri Lanka?

In 2021, the average syringe export price amounted to $0.3 per unit, waning by -10.4% against the previous year.

What is the average import price for syringes, with or without needles in Sri Lanka?

In 2021, the average syringe import price amounted to $47 per thousand units, dropping by -4.3% against the previous year.

This report provides an in-depth analysis of the syringe market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501311 - Syringes, with or without needles, used in medical, surgical, d ental or veterinary sciences

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023