Eastern Asia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Eastern Asia

In 2021, the East Asian needles, catheters, cannulae market increased by 7.7% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption posted a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Needles, Catheters, Cannulae Production in Eastern Asia

In value terms, needles, catheters, cannulae production rose modestly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.2% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports in Eastern Asia

In 2021, shipments abroad of needles, catheters, cannulae decreased by -13.3% to X units, falling for the second year in a row after five years of growth. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of 33%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports expanded rapidly to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 decreased by -0.8% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 90% of total exports in 2021. It was distantly followed by Japan (X units), making up a 5.1% share of total exports. The following exporters - Taiwan (Chinese) (X units) and South Korea (X units) - together made up 5% of total exports.

From 2012 to 2021, average annual rates of growth with regard to needles, catheters, cannulae exports from China stood at -3.8%. At the same time, Taiwan (Chinese) (+7.5%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +7.5% from 2012-2021. Japan and South Korea experienced a relatively flat trend pattern. Taiwan (Chinese) (+1.9 p.p.) and Japan (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -3.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest needles, catheters, cannulae supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Japan ($X), with a 22% share of total exports. It was followed by South Korea, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+3.6% per year) and South Korea (+2.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, increasing by 23% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 72% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the other leaders experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports in Eastern Asia

In 2021, purchases abroad of needles, catheters, cannulae decreased by -2.1% to X units, falling for the second year in a row after eight years of growth. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.0% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 15% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports totaled $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.1% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

China (X units) and Japan (X units) represented the key importers of needles, catheters, cannulae in 2021, recording approx. 43% and 33% of total imports, respectively. South Korea (X units) took the next position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together took near 21% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +9.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported needles, catheters, cannulae in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by Japan ($X), with a 28% share of total imports. It was followed by South Korea, with a 6.4% share.

In China, needles, catheters, cannulae imports increased at an average annual rate of +12.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+0.2% per year) and South Korea (+7.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, rising by 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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