GCC: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in GCC

For the fifth consecutive year, the GCC needles, catheters, cannulae market recorded growth in sales value, which increased by 34% to $X in 2021. Overall, consumption continues to indicate a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Production in GCC

In value terms, needles, catheters, cannulae production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of 38%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Needles, Catheters, Cannulae Exports

Exports in GCC

In 2021, overseas shipments of needles, catheters, cannulae were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 82%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporter of needles, catheters, cannulae in GCC, with the volume of exports accounting for X units, which was approx. 66% of total exports in 2021. It was distantly followed by Saudi Arabia (X units), creating a 33% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -5.4%).

In value terms, the United Arab Emirates ($X) remains the largest needles, catheters, cannulae supplier in GCC, comprising 68% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled -15.0%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, reducing by -14.1% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 100% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.7%).

Needles, Catheters, Cannulae Imports

Imports in GCC

For the fifth consecutive year, GCC recorded growth in overseas purchases of needles, catheters, cannulae, which increased by 11% to X units in 2021. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, needles, catheters, cannulae imports stood at $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 -8.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importer of needles, catheters, cannulae in GCC, with the volume of imports recording X units, which was near 49% of total imports in 2021. Qatar (X units) ranks second in terms of the total imports with a 24% share, followed by Kuwait (16%) and Oman (8%). Bahrain (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to needles, catheters, cannulae imports into the United Arab Emirates stood at +6.2%. At the same time, Kuwait (+16.9%), Bahrain (+7.8%), Qatar (+6.4%) and Oman (+2.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +16.9% from 2012-2021. From 2012 to 2021, the share of Kuwait increased by +8.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 33% of total imports.

Among the main importing countries, Kuwait, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, shrinking by -3.3% against the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2013 when the import price increased by 17%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform