Finland: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Finland

In 2021, after two years of growth, there was decline in the Finnish needles, catheters, cannulae market, when its value decreased by -0.8% to $X. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from Finland

In 2021, overseas shipments of needles, catheters, cannulae decreased by -8% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 52% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, needles, catheters, cannulae exports soared to $X in 2021. Over the period under review, exports, however, saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for needles, catheters, cannulae exports from Finland, accounting for a 1,912% share of total exports. It was followed by Sweden (X units), with a 23% share of total exports. Russia (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+10.2% per year) and Russia (+0.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for needles, catheters, cannulae exports from Finland, comprising 75% of total exports. The second position in the ranking was taken by Sweden ($X), with an 8.1% share of total exports. It was followed by Russia, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.6% per year) and Russia (+8.6% per year).

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2021, with an increase of 442% against the previous year. Overall, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to the Netherlands ($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 Switzerland (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Needles, Catheters, Cannulae Imports

Imports into Finland

After two years of growth, overseas purchases of needles, catheters, cannulae decreased by -12.1% to X units in 2021. Overall, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports reached $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value 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 increased by +69.4% against 2012 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 12% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Sweden (X units), the UK (X units) and Austria (X units) were the main suppliers of needles, catheters, cannulae imports to Finland, with a combined 37% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +129.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest needles, catheters, cannulae suppliers to Finland were Ireland ($X), the United States ($X) and Germany ($X), with a combined 35% share of total imports. Mexico, Sweden, Hungary, China, the UK, Austria, Italy, Turkey, Serbia and Slovakia lagged somewhat behind, together accounting for a further 27%.

Austria, with a CAGR of +91.6%, saw the highest growth rate of the value of imports, among 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, rising by 19% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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