Global Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size

For the eighth year in a row, the global needles, catheters, cannulae market recorded growth in sales value, which increased by 2% to $X in 2021. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2021 and is likely to continue growth in the near future.

Needles, Catheters, Cannulae Production

In value terms, needles, catheters, cannulae production rose to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +67.9% against 2013 indices. The growth pace was the most rapid in 2020 when the production volume increased by 15% against the previous year. Over the period under review, global production hit record highs in 2021 and is expected to retain growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports

In 2021, shipments abroad of needles, catheters, cannulae decreased by -2.3% to X units, falling for the second year in a row after five years of growth. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 15%. Over the period under review, the global exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X units, which accounted for 29% of total exports. Mexico (X units) took the second position in the ranking, followed by Belgium (X units), Germany (X units), the Netherlands (X units), the United States (X units) and Thailand (X units). All these countries together took approx. 36% share of total exports. Ireland (X units), Costa Rica (X units), Austria (X units), Hungary (X units), Poland (X units) and France (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -3.8% from 2012 to 2021. At the same time, the United States (+32.9%), Thailand (+29.5%), Austria (+24.2%), Hungary (+13.8%), the Netherlands (+8.4%), Mexico (+8.1%), Poland (+6.7%), Germany (+6.2%), France (+2.3%) and Ireland (+1.8%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.9% from 2012-2021. Costa Rica and Belgium experienced a relatively flat trend pattern. While the share of the United States (+4.6 p.p.), Thailand (+4.4 p.p.), Mexico (+3.9 p.p.), Austria (+2.4 p.p.), the Netherlands (+2.3 p.p.), Germany (+1.7 p.p.) and Hungary (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-1.6 p.p.) and China (-18.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), the Netherlands ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 44% of global exports. Ireland, China, Germany, Belgium, Costa Rica, France, Thailand, Hungary, Austria and Poland lagged somewhat behind, together comprising a further 39%.

Austria, with a CAGR of +19.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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, with an increase of 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. 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 origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+11.3%), while the other global leaders experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports

In 2021, global imports of needles, catheters, cannulae expanded to X units, surging by 1.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. Global imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, needles, catheters, cannulae imports rose remarkably to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +63.8% against 2012 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 11%. Global imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X units), followed by China (X units), Germany (X units), the Netherlands (X units) and Japan (X units) represented the major importers of needles, catheters, cannulae, together achieving 41% of total imports. The following importers - France (X units), the UK (X units), Mexico (X units), Belgium (X units), South Korea (X units), Italy (X units), Canada (X units) and Brazil (X units) - together made up 26% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of +10.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, with a combined 45% share of global imports.

China, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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 8.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import 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 importers, the country with the highest price was the Netherlands ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :