Hong Kong SAR, China: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Hong Kong SAR, China

The Hong Kong needles, catheters, cannulae market surged to $X in 2021, increasing by 22% against the previous year. Overall, consumption enjoyed a significant increase. Needles, catheters, cannulae consumption peaked in 2021 and is expected to retain growth in years to come.

Needles, Catheters, Cannulae Production in Hong Kong SAR, China

In value terms, needles, catheters, cannulae production expanded slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 54%. Needles, catheters, cannulae production peaked in 2021 and is expected to retain growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of needles, catheters, cannulae were exported from Hong Kong SAR; with an increase of 11% compared with 2020 figures. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 26%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports expanded rapidly to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.3% against 2015 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 35%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X units) was the main destination for needles, catheters, cannulae exports from Hong Kong SAR, accounting for a 43% share of total exports. Moreover, needles, catheters, cannulae exports to China exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The United States (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-19.9% per year) and the United States (-5.5% per year).

In value terms, China ($X) remains the key foreign market for needles, catheters, cannulae exports from Hong Kong SAR, comprising 41% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.6% share of total exports. It was followed by the United States, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+5.5% per year) and the United States (+23.0% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 86%. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Brazil ($X per unit) and the Netherlands ($X per unit), while the average price for exports to the United States ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+42.9%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of needles, catheters, cannulae was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, needles, catheters, cannulae imports soared to $X in 2021. Overall, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of needles, catheters, cannulae imports to Hong Kong SAR, with a combined 69% share of total imports. Belgium, Japan, Singapore, Ireland and Germany lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +24.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest needles, catheters, cannulae suppliers to Hong Kong SAR were China ($X), the United States ($X) and the Netherlands ($X), together comprising 67% of total imports. These countries were followed by Belgium, Japan, Singapore, Ireland and Germany, which together accounted for a further 25%.

Belgium, with a CAGR of +28.1%, saw the highest rates of growth with regard to 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

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, declining by -7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2016 an increase of 24% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Ireland ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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