Asia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Asia

The Asian needles, catheters, cannulae market was estimated at $X in 2021, surging by 9.5% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.6% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Production in Asia

In value terms, needles, catheters, cannulae production amounted to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.1% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to continue growth in years to come.

Needles, Catheters, Cannulae Exports

Exports in Asia

In 2021, shipments abroad of needles, catheters, cannulae decreased by -10.6% to X units, falling for the second consecutive year after five years of growth. In general, exports saw a slight downturn. The pace of growth was the most pronounced in 2016 when exports increased by 27% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports stood at $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.4% against 2013 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China represented the key exporting country with an export of around X units, which resulted at 68% of total exports. It was distantly followed by Thailand (X units), achieving a 12% share of total exports. Vietnam (X units), Japan (X units), India (X units), Taiwan (Chinese) (X units) and Turkey (X units) held a little share of total exports.

Exports from China decreased at an average annual rate of -3.8% from 2012 to 2021. At the same time, Thailand (+29.5%), Vietnam (+25.6%), Turkey (+15.8%) and Taiwan (Chinese) (+7.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +29.5% from 2012-2021. Japan and India experienced a relatively flat trend pattern. From 2012 to 2021, the share of Thailand, Vietnam and Turkey increased by +11, +3.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest needles, catheters, cannulae supplier in Asia, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by Thailand, with a 5% share.

In China, needles, catheters, cannulae exports expanded at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+3.6% per year) and Thailand (+16.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, with an increase of 18% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, needles, catheters, cannulae export price increased by +98.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 54% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the other leaders experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports in Asia

In 2021, supplies from abroad of needles, catheters, cannulae decreased by -0.9% to X units, falling for the second consecutive year after eight years of growth. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 10% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports reached $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) and Japan (X units) were the largest importers of needles, catheters, cannulae in Asia, together mixing up 50% of total imports. South Korea (X units) ranks next in terms of the total imports with an 11% share, followed by Turkey (5.2%). The following importers - Vietnam (X units), Thailand (X units), Singapore (X units), Taiwan (Chinese) (X units), India (X units) and Iran (X units) - each recorded an 18% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported needles, catheters, cannulae in Asia, comprising 45% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports. It was followed by South Korea, with a 4.9% share.

In China, needles, catheters, cannulae imports expanded at an average annual rate of +12.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+0.2% per year) and South Korea (+7.5% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, increasing by 8.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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