Asia-Pacific: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Asia-Pacific

The Asia-Pacific needles, catheters, cannulae market expanded sharply to $X in 2021, surging by 9.3% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.2% against 2015 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Needles, Catheters, Cannulae Production in Asia-Pacific

In value terms, needles, catheters, cannulae production rose markedly to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +78.3% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 20%. The level of production peaked in 2021 and is likely to see gradual growth in years to come.

Needles, Catheters, Cannulae Exports

Exports in Asia-Pacific

In 2021, shipments abroad of needles, catheters, cannulae decreased by -10.8% to X units, falling for the second consecutive year after five years of growth. Overall, exports saw a slight setback. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports amounted to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +40.6% against 2013 indices. The pace of growth was the most pronounced in 2013 with an increase of 13%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, China (X units) represented the largest exporter of needles, catheters, cannulae, constituting 69% of total exports. It was distantly followed by Thailand (X units), comprising a 12% share of total exports. Vietnam (X units), Japan (X units), India (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

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%) and Taiwan (Chinese) (+7.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +29.5% from 2012-2021. Japan and India experienced a relatively flat trend pattern. Thailand (+11 p.p.) and Vietnam (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -16.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest needles, catheters, cannulae supplier in Asia-Pacific, comprising 45% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by Thailand, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +5.7%. 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-Pacific amounted to $X per unit, jumping by 19% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 55%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

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-Pacific

In 2021, needles, catheters, cannulae imports in Asia-Pacific was estimated at X units, approximately equating the previous year. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% 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 -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 10%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports expanded rapidly to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 18%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units) and Japan (X units) represented roughly 58% of total imports in 2021. It was distantly followed by South Korea (X units), making up a 13% share of total imports. The following importers - Vietnam (X units), Thailand (X units), Singapore (X units), Taiwan (Chinese) (X units), India (X units) and Australia (X units) - together made up 21% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +14.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported needles, catheters, cannulae in Asia-Pacific, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 23% share of total imports. It was followed by South Korea, with a 5.2% share.

In China, needles, catheters, cannulae imports increased 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-Pacific stood at $X per unit in 2021, rising by 7.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 7.5% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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