Argentina: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Argentina

For the third year in a row, the Argentinian needles, catheters, cannulae market recorded growth in sales value, which increased by 21% to $X in 2021. The market value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports from Argentina

In 2021, exports of needles, catheters, cannulae from Argentina declined to X units, reducing by -13.7% compared with the previous year. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.5% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 52% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports reduced sharply to $X in 2021. Overall, exports, however, enjoyed notable growth. The growth pace was the most rapid in 2019 when exports increased by 71%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for needles, catheters, cannulae exports from Argentina, accounting for a 72% share of total exports. Moreover, needles, catheters, cannulae exports to Brazil exceeded the volume sent to the second major destination, Paraguay (X units), tenfold. Mexico (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-6.7% per year) and Mexico (+14.7% per year).

In value terms, Brazil ($X) remains the key foreign market for needles, catheters, cannulae exports from Argentina, comprising 74% of total exports. The second position in the ranking was held by Mexico ($X), with an 8% share of total exports. It was followed by Paraguay, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.3% per year) and Paraguay (-5.5% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, declining by -25.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2019 an increase of 13%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average 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 Chile ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Argentina

For the third year in a row, Argentina recorded growth in purchases abroad of needles, catheters, cannulae, which increased by 7.8% to X units in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.3% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, needles, catheters, cannulae imports surged to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of needles, catheters, cannulae to Argentina, accounting for a 36% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. India (X units) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.2% per year) and India (+21.1% per year).

In value terms, the United States ($X), China ($X) and Hungary ($X) constituted the largest needles, catheters, cannulae suppliers to Argentina, with a combined 45% share of total imports. Mexico, Germany, India, Japan, Taiwan (Chinese), Italy, Brazil, Thailand, Uruguay and Indonesia lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +27.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, with an increase of 14% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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