Syringe Market Overview in Indonesia
In value terms, syringe production skyrocketed to $ in 2019 estimated in export prices. In general, the total production indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2013 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
The revenue of the syringe market in Indonesia was estimated at $ in 2019, with an increase of % 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). Overall, the total consumption indicated a noticeable 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 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.