Greece: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Greece

In 2021, the Greek needles, catheters, cannulae market increased by 1.4% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.6% against 2015 indices. Needles, catheters, cannulae consumption peaked in 2021 and is expected to retain growth in years to come.

Needles, Catheters, Cannulae Exports

Exports from Greece

In 2021, the amount of needles, catheters, cannulae exported from Greece rose significantly to X units, with an increase of 7.2% compared with 2020. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 80% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports expanded notably to $X in 2021. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 61% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X units), the UK (X units) and Germany (X units) were the main destinations of needles, catheters, cannulae exports from Greece, with a combined 48% share of total exports. These countries were followed by Cyprus, the Netherlands, China, Turkey, Albania, Romania, Jordan, Bulgaria, Sweden and Denmark, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +40.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needles, catheters, cannulae exported from Greece were France ($X), the UK ($X) and the Netherlands ($X), together comprising 52% of total exports. These countries were followed by Denmark, China, Cyprus, Sweden, Germany, Romania, Turkey, Bulgaria, Albania and Jordan, which together accounted for a further 34%.

Among the main countries of destination, China, with a CAGR of +42.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other 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, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 117%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Jordan ($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 Denmark (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Greece

In 2021, overseas purchases of needles, catheters, cannulae decreased by -0.4% to X units, falling for the second consecutive year after two years of growth. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.2% 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 -3.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 34% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports totaled $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.0% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 23%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of needles, catheters, cannulae to Greece, accounting for a 50% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. The third position in this ranking was held by the Netherlands (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.5% per year) and the Netherlands (+9.2% per year).

In value terms, the largest needles, catheters, cannulae suppliers to Greece were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 52% share of total imports. China, Italy, Sweden, India, Turkey and North Macedonia lagged somewhat behind, together comprising a further 24%.

Sweden, with a CAGR of +34.3%, 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, growing by 3.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for North Macedonia (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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