Ecuador: Syringe Market 2024

Syringe Market Size in Ecuador

The Ecuadorian syringe market shrank dramatically to $X in 2022, reducing by X% 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). In general, the total consumption indicated a buoyant expansion 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 2020 indices. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Syringe Exports

Exports from Ecuador

Syringe exports from Ecuador totaled X units in 2022, surging by X% compared with the previous year's figure. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, syringe exports rose markedly to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X units) was the main destination for syringe exports from Ecuador, accounting for a X% share of total exports. Moreover, syringe exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X units), fourfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and the United States (X% per year).

In value terms, Colombia ($X) remains the key foreign market for syringes, with or without needles exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average syringe export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 Colombia ($X per unit), while the average price for exports to Costa Rica (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 Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Syringe Imports

Imports into Ecuador

In 2022, the amount of syringes, with or without needles imported into Ecuador dropped markedly to X units, falling by X% against the previous year's figure. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, syringe imports declined sharply to $X in 2022. Over the period under review, total imports indicated prominent 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest syringe supplier to Ecuador, with a X% share of total imports. Moreover, syringe imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of syringes, with or without needles to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

The average syringe import price stood at $X per thousand units in 2022, rising by X% against the previous year. Overall, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per thousand units in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Germany ($X per thousand units), while the price for Qatar ($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 the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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