Sweden: Syringe Market 2024

Syringe Market Size in Sweden

The Swedish syringe market skyrocketed to $X in 2022, with an increase of 27% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Syringe Production in Sweden

In value terms, syringe production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 69% against the previous year. Syringe production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Syringe Exports

Exports from Sweden

In 2022, the amount of syringes, with or without needles exported from Sweden rose remarkably to X units, increasing by 5.8% on 2021. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, syringe exports expanded significantly to $X in 2022. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X units), Germany (X units) and Norway (X units) were the main destinations of syringe exports from Sweden, together accounting for 59% of total exports. The Netherlands, Finland, the UK, Latvia, Austria and Greece lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +120.9%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for syringe exported from Sweden worldwide, with a combined 50% share of total exports. The Netherlands, Finland, Norway, Latvia, Greece and Austria lagged somewhat behind, together accounting for a further 17%.

Latvia, with a CAGR of +65.1%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average syringe export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Latvia (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 Greece (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Syringe Imports

Imports into Sweden

In 2022, supplies from abroad of syringes, with or without needles decreased by -3.1% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 19%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, syringe imports surged to $X in 2022. Overall, imports, however, enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X units), Taiwan (Chinese) (X units) and China (X units) were the main suppliers of syringe imports to Sweden, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +112.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), France ($X) and Germany ($X) were the largest syringe suppliers to Sweden, together accounting for 57% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +133.7%, recorded 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 unit, increasing by 48% against the previous year. In general, the import price recorded a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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