Syringe Market Overview in China
In value terms, syringe production rose remarkably to $ in 2019 estimated in export prices. Overall, production posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the near future.
The size of the syringe market in China rose slightly to $ in 2019, increasing by % 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). Over the period under review, the total consumption indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.