Global Syringe Market 2024

Syringe Market Size

The global syringe market rose modestly to $X in 2022, picking up by 3.9% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the near future.

Syringe Production

In value terms, syringe production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Syringe Exports

Exports

In 2022, shipments abroad of syringes, with or without needles decreased by -4.8% to X units for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +3.4% over the period 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 with an increase of 12%. Over the period under review, the global exports attained the maximum at X units in 2021, and then shrank slightly in the following year.

In value terms, syringe exports amounted to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China was the key exporter of syringes, with or without needles in the world, with the volume of exports resulting at X units, which was near 37% of total exports in 2022. The United States (X units) took a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by France (6.8%), Germany (6.6%) and Spain (5.2%). Belgium (X units), Switzerland (X units), India (X units), Mexico (X units), Ireland (X units) and Italy (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to syringe exports from China stood at +10.7%. At the same time, India (+11.2%), France (+9.5%), Switzerland (+5.5%), Italy (+5.2%), the United States (+4.4%) and Belgium (+2.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.2% from 2012-2022. By contrast, Spain (-1.5%), Ireland (-3.9%), Mexico (-4.3%) and Germany (-6.8%) illustrated a downward trend over the same period. China (+18 p.p.), France (+3 p.p.) and India (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while Ireland, Spain, Mexico and Germany saw its share reduced by -2.2%, -3.3%, -3.5% and -12.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest syringe supplying countries worldwide were the United States ($X), China ($X) and France ($X), together accounting for 42% of global exports. Germany, Switzerland, Italy, Belgium, Mexico, Spain, Ireland and India lagged somewhat behind, together comprising a further 35%.

In terms of the main exporting countries, Italy, with a CAGR of +14.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, growing by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 8.6%. The global export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while India (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 Germany (+13.6%), while the other global leaders experienced more modest paces of growth.

Syringe Imports

Imports

In 2022, purchases abroad of syringes, with or without needles decreased by -4.4% to X units for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +3.3% 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 when imports increased by 9.8%. Global imports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, syringe imports contracted modestly to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +59.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The purchases of the twelve major importers of syringes, with or without needles, namely France, Germany, the United States, Brazil, the UK, Switzerland, Belgium, Italy, Spain, Russia, China and the Netherlands, represented more than half of total import. India (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +13.0%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest syringe importing markets worldwide were the United States ($X), France ($X) and Germany ($X), together accounting for 37% of global imports. The Netherlands, Italy, China, Switzerland, Belgium, the UK, Spain, Russia, India and Brazil lagged somewhat behind, together accounting for a further 32%.

Among the main importing countries, India, with a CAGR of +11.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average syringe import price stood at $X per unit in 2022, surging by 4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Brazil (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 the United States (+10.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :