Central Asia: Suturing Needle Market 2020

Suturing Needle Market Size in Central Asia

The revenue of the suturing needle market in Central Asia amounted to $X in 2017, increasing by X% 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). The suturing needle consumption continues to indicate a notable increase. The most prominent rate of growth was recorded in 2009, when it surged by X% against the previous year. Over the period under review, the suturing needle market reached its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Suturing Needle Exports in Central Asia

In 2017, approx. X units of needles for sutures for medicine were exported in Central Asia; going down by -X% against the previous year. The suturing needle exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. In that year, the suturing needle exports reached their peak volume of X units. From 2009 to 2017, growth of the suturing needle exports stood at a somewhat lower level.

In value terms, suturing needle exports stood at $X in 2017. The total exports indicated a pronounced growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the suturing needle exports increased by +X% against 2013 indices. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Suturing Needle Exports by Country in Central Asia

The exports of the one major exporters of needles for sutures for medicine, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest growing in terms of the needles for sutures for medicine exports, with a CAGR of +X% from 2007 to 2017. While the share of Kazakhstan (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest suturing needle supplier in Central Asia.

In Kazakhstan, suturing needle exports increased at an average annual rate of +X% over the period from 2007-2017.

Suturing Needle Export Prices by Country in Central Asia

The suturing needle export price in Central Asia stood at $X per unit in 2017, picking up by X% against the previous year. The suturing needle export price continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2009, when the export prices increased by X% year-to-year. The level of export price peaked of $X per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

As there is only one major export destination, the average price level is determined by export prices for Kazakhstan.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kazakhstan (-X% per year).

Suturing Needle Imports in Central Asia

The imports totaled X units in 2017, reducing by -X% against the previous year. The suturing needle imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The volume of imports peaked of X units in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, suturing needle imports amounted to $X in 2017. The suturing needle imports continue to indicate a remarkable growth. Over the period under review, the suturing needle imports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Suturing Needle Imports by Country in Central Asia

Kazakhstan dominates suturing needle imports structure, reaching X units, which was near X% of total imports in 2017. It was distantly followed by Mongolia (X units), making up X% share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Mongolia (+X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest growing importer in Central Asia, with a CAGR of +X% from 2007-2017. While the share of Kazakhstan (X%) increased significantly in terms of the global imports from 2007-2017, the share of Mongolia (-X%) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported needles for sutures for medicine in Central Asia, making up X% of global imports. The second position in the ranking was occupied by Mongolia ($X), with a X% share of global imports.

In Kazakhstan, suturing needle imports expanded at an average annual rate of +X% over the period from 2007-2017.

Suturing Needle Import Prices by Country in Central Asia

In 2017, the suturing needle import price in Central Asia amounted to $X per thousand units, rising by X% against the previous year. The suturing needle import price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017, an increase of X% year-to-year. In that year, the import prices for needles for sutures for medicine reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Kazakhstan ($X per thousand units), while Mongolia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kazakhstan (+X% per year).

Source: IndexBox Platform