Syringe Market Overview in Thailand
In value terms, syringe production expanded slightly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. Over the period under review, production reached the maximum level at $ in 2017; however, from 2018 to 2019, production remained at a lower figure.
The value of the syringe market in Thailand amounted to $ in 2019, picking up 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). Overall, the total consumption indicated a notable 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 remained at a lower figure.