Trending Now

Building a Resilient Supply Chain with Advanced Predictive…

New Articles

India Emerges as Fastest-Growing Syringe Exporter Worldwide

syringe destination
Archives, Global Trade Daily, News

India Emerges as Fastest-Growing Syringe Exporter Worldwide

Leave a comment

IndexBox has just published a new report: ‘World – Syringes, With Or Without Needles – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Covid-19 pandemic intensified the global trade in syringes and enabled India to become the fastest-growing exporter with the lowest syringe prices in 2020. Over the last year, Indian supplies abroad spiked from $32М to $40M. Global syringe exports also followed an upward trend, rising by +4.4% y-o-y to $5.7B. While India robustly ramps up supplies, the U.S. ($872M), China ($766M) and France ($693M) remain the world’s largest exporters, providing 41% of total exports. 

Syringe Exports by Country

In 2020, global exports of syringes amounted to 52B units, growing by 4.9% compared with 2019 figures. In value terms, exports expanded by +4.4% y-o-y to $5.7B (IndexBox estimates) in 2020.

Among the major exporting countries, India recorded the highest export growth rate over the last year. The number of supplied syringes rose from 986M to 1.3B units, increasing from $32М to $40M in monetary terms.

While India rapidly increases exports, China keeps holding the leading supplier position, with the volume of exports amounting to 18B units, which was near 36% of total exports in 2020. Germany (5.8B units) ranks second in terms of total exports with an 11% share, followed by the U.S. (7.9%), France (6.8%) and Spain (5.9%).

In value terms, the largest syringe supplying countries worldwide were the U.S. ($872M), China ($766M) and France ($693M), with a combined 41% share of global exports. These countries were followed by Germany, Switzerland, Belgium, the Netherlands, Italy, Mexico, the UK, Spain, Ireland and India, which accounted for a further 42%.

In 2020, the average syringe export price amounted to $109,7 per thousand units, remaining constant against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($328 per thousand units), while India ($32 per thousand units) was amongst the lowest. In 2020, the Netherlands attained the most notable rate of growth in terms of prices, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

needles
Archives, Global Trade Daily, News

Global Needles And Catheters Market 2020 – Key Insights

Leave a comment

IndexBox has just published a new report: ‘World – Needles, Catheters, Cannulae For Medicine – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The global needles and catheters market size reached $32.4B in 2018, picking up by 7.3% against the previous year. The market value increased at an average annual rate of +4.8% from 2009 to 2018. Over the period under review, the global needles and catheters market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Global Trade of Needles And Catheters 2009-2018

In value terms, needles and catheters exports totaled $32B (IndexBox estimates) in 2018. In general, the total exports indicated a remarkable increase from 2009 to 2018: its value increased at an average annual rate of +2.4% over the last decade. Based on 2018 figures, needles and catheters exports increased by +28.1% against 2016 indices. The pace of growth was the most pronounced in 2012 when exports increased by 18% y-o-y.

Exports by Country

In value terms, the U.S. ($7.1B), the Netherlands ($4.4B) and Ireland ($3.9B) constituted the countries with the highest levels of exports in 2018, together comprising 48% of global exports. These countries were followed by Mexico, Germany, Belgium, Costa Rica, China, Malaysia, the UK, Hungary and Poland, which together accounted for a further 36%.

Hungary experienced the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Imports by Country

The largest needles and catheters importing markets worldwide were the U.S. ($5.4B), the Netherlands ($3.4B) and Germany ($2.3B), with a combined 39% share of global imports. These countries were followed by Japan, China, Belgium, France, the UK, Italy, Mexico, Spain and South Korea, which together accounted for a further 33%.

In terms of the main importing countries, China experienced the highest growth rate of the value of imports, over the period under review, while imports for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average needles and catheters import price amounted to $54,311 per tonne, jumping by 2.8% against the previous year. Over the period from 2009 to 2018, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2016 when the average import price increased by 67% against the previous year. The global import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($149,780 per tonne), while South Korea ($33,777 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform