Belgium: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Belgium

In 2021, the Belgian needles, catheters, cannulae market decreased by -39.5% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, saw a moderate expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Needles, Catheters, Cannulae Production in Belgium

In value terms, needles, catheters, cannulae production rose to $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. Needles, catheters, cannulae production peaked in 2021 and is expected to retain growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports from Belgium

Needles, catheters, cannulae exports from Belgium reduced slightly to X units in 2021, approximately mirroring the previous year. In general, exports showed a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports rose markedly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units), the UK (X units) and Germany (X units) were the main destinations of needles, catheters, cannulae exports from Belgium, with a combined 29% share of total exports. France, Libya, the Netherlands, Russia, Italy, Senegal, Spain, Saudi Arabia, China and the United States lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +80.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needles, catheters, cannulae exported from Belgium were Germany ($X), France ($X) and Italy ($X), with a combined 37% share of total exports. These countries were followed by Spain, the Netherlands, the UK, the United States, Turkey, Saudi Arabia, Russia, China, Libya and Senegal, which together accounted for a further 32%.

Senegal, with a CAGR of +62.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, increasing by 6.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood 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 Spain ($X per unit), while the average price for exports to Senegal ($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 Spain (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Belgium

In 2021, after two years of growth, there was significant decline in supplies from abroad of needles, catheters, cannulae, when their volume decreased by -37.9% to X units. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 71% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports shrank to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest needles, catheters, cannulae supplier to Belgium, with a 44% share of total imports. Moreover, needles, catheters, cannulae imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Ireland (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.2% per year) and Ireland (+3.8% per year).

In value terms, the United States ($X) constituted the largest supplier of needles, catheters, cannulae to Belgium, comprising 43% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Costa Rica, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.8% per year) and Costa Rica (+73.8% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, with an increase of 38% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

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 Costa Rica ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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