China: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in China

In 2021, the Chinese needles, catheters, cannulae market increased by 21% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption saw significant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Production in China

In value terms, needles, catheters, cannulae production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Exports

Exports from China

In 2021, shipments abroad of needles, catheters, cannulae decreased by -15% to X units, falling for the second consecutive year after five years of growth. Overall, exports recorded a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports expanded rapidly to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.5% against 2014 indices. The pace of growth appeared the most rapid in 2016 with an increase of 26%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X units), South Korea (X units) and Brazil (X units) were the main destinations of needles, catheters, cannulae exports from China, with a combined 16% 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 South Korea (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needles, catheters, cannulae exported from China were the United States ($X), Japan ($X) and Brazil ($X), with a combined 17% share of total exports. These countries were followed by Germany, Turkey, Russia, South Korea, India, Pakistan, Italy, France, Egypt and Nigeria, which together accounted for a further 11%.

France, with a CAGR of +16.1%, recorded 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

The average needles, catheters, cannulae export price stood at $X per unit in 2021, growing by 27% against the previous year. Over the period under review, the export price showed resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 79%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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 South Korea (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 Pakistan (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into China

In 2021, purchases abroad of needles, catheters, cannulae decreased by -1.3% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 32% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports stood at $X in 2021. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), Malaysia (X units) and Japan (X units) were the main suppliers of needles, catheters, cannulae imports to China, with a combined 24% share of total imports. Mexico, Italy, Turkey, Thailand, the UK, Germany, Austria, Ireland and Singapore lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +79.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and Japan ($X) constituted the largest needles, catheters, cannulae suppliers to China, with a combined 29% share of total imports. These countries were followed by Germany, Ireland, Thailand, Malaysia, Italy, Singapore, Turkey, the UK and Austria, which together accounted for a further 12%.

Turkey, with a CAGR of +69.4%, recorded the highest rates of growth with regard to 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 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2017 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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