Bangladesh: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Bangladesh

The Bangladeshi needles, catheters, cannulae market rose remarkably to $X in 2021, increasing by 8.3% 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). Over the period under review, consumption, however, showed a temperate expansion. Needles, catheters, cannulae consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from Bangladesh

For the third consecutive year, Bangladesh recorded growth in overseas shipments of needles, catheters, cannulae, which increased by 0.7% to X units in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 172% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, needles, catheters, cannulae exports declined to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 104%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted in the following year.

Exports by Country

Thailand (X units) was the main destination for needles, catheters, cannulae exports from Bangladesh, with a 59% share of total exports. Moreover, needles, catheters, cannulae exports to Thailand exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold. Lebanon (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+16.9% per year) and Lebanon (+27.4% per year).

In value terms, Thailand ($X) emerged as the key foreign market for needles, catheters, cannulae exports from Bangladesh, comprising 44% of total exports. The second position in the ranking was taken by Kenya ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+44.4% per year) and the United Arab Emirates (+19.5% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, dropping by -8.9% against the previous year. In general, the export price saw a slight decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Thailand ($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 the Philippines (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Bangladesh

In 2021, approx. X units of needles, catheters, cannulae were imported into Bangladesh; waning by -2.2% compared with the year before. Over the period under review, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2016 when imports increased by 210%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports surged to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 -13.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 86%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of needles, catheters, cannulae to Bangladesh, with a 70% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. India (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.5% per year) and India (-6.4% per year).

In value terms, the largest needles, catheters, cannulae suppliers to Bangladesh were China ($X), India ($X) and Malaysia ($X), together accounting for 54% of total imports. These countries were followed by Singapore, South Korea and Austria, which together accounted for a further 14%.

Austria, with a CAGR of +22.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, growing by 21% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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