United Kingdom: Syringe Market 2024

Syringe Market Size in the UK

The UK syringe market skyrocketed to $X in 2022, surging by 27% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. Syringe consumption peaked in 2022 and is expected to retain growth in the immediate term.

Syringe Production in the UK

In value terms, syringe production surged to $X in 2022 estimated in export price. In general, production showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 148% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Syringe Exports

Exports from the UK

In 2022, exports of syringes, with or without needles from the UK soared to X units, growing by 21% against the previous year's figure. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.4% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, syringe exports rose sharply to $X in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 39%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for syringe exports from the UK, accounting for a 63% share of total exports. Moreover, syringe exports to France exceeded the volume sent to the second major destination, Belgium (X units), threefold. The third position in this ranking was held by Germany (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.3% per year) and Germany (-1.7% per year).

In value terms, France ($X) remains the key foreign market for syringes, with or without needles exports from the UK, comprising 60% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Germany, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+1.4% per year) and Germany (+7.2% per year).

Export Prices by Country

In 2022, the average syringe export price amounted to $X per unit, shrinking by -11.3% against the previous year. Overall, the export price saw a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Germany ($X per unit), while the average price for exports to Belgium ($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 Germany (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Syringe Imports

Imports into the UK

Syringe imports into the UK amounted to X units in 2022, with an increase of 5.5% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, syringe imports soared to $X in 2022. The total import value increased at an average annual rate of +2.8% 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 2013 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest syringe supplier to the UK, accounting for a 37% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. The third position in this ranking was held by the United States (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.0% per year) and the United States (+12.0% per year).

In value terms, the largest syringe suppliers to the UK were China ($X), the United States ($X) and Finland ($X), with a combined 54% share of total imports. Taiwan (Chinese), Germany, Spain, France, Belgium and the Netherlands lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +68.5%, 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, jumping by 16% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2021 an increase of 18%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Spain (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 China (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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