Uruguay: Syringe Market 2024

Syringe Market Size in Uruguay

The Uruguayan syringe market rose modestly to $X in 2022, growing by 2.6% 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). The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Syringe consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Syringe Exports

Exports from Uruguay

In 2022, exports of syringes, with or without needles from Uruguay skyrocketed to X units, with an increase of 29% compared with the year before. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 486%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, syringe exports surged to $X in 2022. Over the period under review, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 368%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units), Paraguay (X units) and El Salvador (X units) were the main destinations of syringe exports from Uruguay, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of +38.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) emerged as the key foreign market for syringes, with or without needles exports from Uruguay, comprising 65% of total exports. The second position in the ranking was held by Paraguay ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+31.6% per year) and El Salvador (0.0% per year).

Export Prices by Country

In 2022, the average syringe export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2016 an increase of 136% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to El Salvador ($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 Ecuador (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Syringe Imports

Imports into Uruguay

In 2022, the amount of syringes, with or without needles imported into Uruguay rose slightly to X units, surging by 2.5% against 2021 figures. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 31% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, syringe imports expanded to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 31%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of syringe to Uruguay, accounting for a 80% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), eightfold. Brazil (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+33.8% per year) and Brazil (-6.3% per year).

In value terms, China ($X), Mexico ($X) and Germany ($X) constituted the largest syringe suppliers to Uruguay, together accounting for 83% of total imports.

Among the main suppliers, Mexico, with a CAGR of +27.1%, recorded the highest rates of growth with regard to 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

The average syringe import price stood at $X per thousand units in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 15%. Over the period under review, average import prices attained the peak figure at $X per thousand units in 2018; however, from 2019 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 Switzerland ($X per thousand units), while the price for China ($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 (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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