Dominican Republic: Needles And Catheters Market 2021

Needles And Catheters Market Size in the Dominican Republic

In 2019, the Dominican needles and catheters market decreased by -X% to $X for the first time since 2014, thus ending a four-year rising trend. In general, consumption, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X, and then shrank modestly in the following year.

Needles And Catheters Production in the Dominican Republic

In value terms, needles and catheters production stood at $X in 2019 estimated in export prices. Overall, production recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, production attained the peak level in 2019 and is expected to retain growth in the immediate term.

Needles And Catheters Exports

Exports from the Dominican Republic

In 2019, approx. X units of needles, catheters, cannulae for medicine were exported from the Dominican Republic; with an increase of X% compared with the year before. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of X units. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, needles and catheters exports declined slightly to $X in 2019. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The U.S. (X units) was the main destination for needles and catheters exports from the Dominican Republic, accounting for a X% share of total exports. Moreover, needles and catheters exports to the U.S. exceeded the volume sent to the second major destination, China (X units), threefold. India (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and India (X% per year).

In value terms, the U.S. ($X) remains the key foreign market for needles and catheters exports from the Dominican Republic, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average needles and catheters export price stood at $X per unit in 2019, shrinking by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per unit in 2018, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced more modest paces of growth.

Needles And Catheters Imports

Imports into the Dominican Republic

Needles and catheters imports into the Dominican Republic declined to X units in 2019, shrinking by -X% against the year before. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, needles and catheters imports surged to $X in 2019. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in the near future.

Imports by Country

The U.S. (X units), China (X units) and Japan (X units) were the main suppliers of needles and catheters imports to the Dominican Republic, with a combined X% share of total imports. The Netherlands, India, Costa Rica, Ireland and Spain lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in the Netherlands (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of needles and catheters to the Dominican Republic, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2019, the average needles and catheters import price amounted to $X per unit, growing by X% against the previous year. In general, the import price saw slight growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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