Canada: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Canada

The Canadian needles, catheters, cannulae market soared to $X in 2021, picking up by 23% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Production in Canada

In value terms, needles, catheters, cannulae production soared to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports from Canada

In 2021, overseas shipments of needles, catheters, cannulae increased by 39% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted pronounced growth. The growth pace was the most rapid in 2015 when exports increased by 90% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports skyrocketed to $X in 2021. In general, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2015 when exports increased by 41%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Brazil (X units) and the Dominican Republic (X units) were the main destinations of needles, catheters, cannulae exports from Canada, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +129.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for needles, catheters, cannulae exports from Canada, comprising 65% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+39.6% per year) and the Netherlands (-18.7% per year).

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2021, with a decrease of -7.4% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. 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 +84.4% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 59%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Brazil (less than $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 United States (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Canada

In 2021, approx. X units of needles, catheters, cannulae were imported into Canada; surging by 5.3% on 2020. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 17% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports totaled $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Ireland (X units) were the main suppliers of needles, catheters, cannulae imports to Canada, with a combined 71% share of total imports. Mexico, Germany, Japan, Poland, the Netherlands, Costa Rica, France, Malaysia, the Dominican Republic and Italy lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +45.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of needles, catheters, cannulae to Canada, comprising 45% of total imports. The second position in the ranking was held by Mexico ($X), with a 15% share of total imports. It was followed by Ireland, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.5% per year) and Ireland (+7.4% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, rising by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 16%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average 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 Mexico ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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