ASEAN: Syringe Market 2024

Syringe Market Size in ASEAN

After four years of growth, the ASEAN syringe market decreased by X% to $X in 2022. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Syringe Production in ASEAN

In value terms, syringe production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021, and then reduced modestly in the following year.

Syringe Exports

Exports in ASEAN

In 2022, overseas shipments of syringes, with or without needles increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, syringe exports expanded rapidly to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Indonesia (X units), distantly followed by the Philippines (X units), Singapore (X units), Vietnam (X units) and Thailand (X units) represented the largest exporters of syringes, with or without needles, together achieving X% of total exports. Malaysia (X units) held a minor share of total exports.

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

In value terms, Singapore ($X) remains the largest syringe supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam (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 Singapore (X%), while the other leaders experienced more modest paces of growth.

Syringe Imports

Imports in ASEAN

In 2022, approx. X units of syringes, with or without needles were imported in ASEAN; dropping by X% compared with 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank modestly in the following year.

In value terms, syringe imports rose sharply to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Thailand (X units), distantly followed by Singapore (X units), Indonesia (X units), Vietnam (X units), Myanmar (X units), the Philippines (X units) and Malaysia (X units) were the main importers of syringes, with or without needles, together mixing up X% of total imports.

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

In value terms, the largest syringe importing markets in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), together comprising X% of total imports. Indonesia, Vietnam, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, saw 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 import price in ASEAN stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Myanmar (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 Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :