Hong Kong SAR, China: Needles And Catheters Market 2021

Needles And Catheters Market Size in Hong Kong SAR, China

The Hong Kong needles and catheters market dropped dramatically to $X in 2019, with a decrease of -X% against the previous year. Overall, consumption recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Needles and catheters consumption peaked at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Needles And Catheters Production in Hong Kong SAR, China

In value terms, needles and catheters production stood at $X in 2019 estimated in export prices. Overall, production saw a abrupt curtailment. Needles and catheters production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Needles And Catheters Exports

Exports from Hong Kong SAR, China

In 2019, overseas shipments of needles, catheters, cannulae for medicine increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X units in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, needles and catheters exports soared to $X in 2019. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

Malaysia (X units) was the main destination for needles and catheters exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, needles and catheters exports to Malaysia exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-X% per year) and China (-X% per year).

In value terms, China ($X) remains the key foreign market for needles and catheters exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average needles and catheters export price stood at $X per unit in 2019, shrinking by -X% against the previous year. In general, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was China ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Needles And Catheters Imports

Imports into Hong Kong SAR, China

In 2019, the amount of needles, catheters, cannulae for medicine imported into Hong Kong SAR declined markedly to X units, waning by -X% against the previous year's figure. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, needles and catheters imports rose notably to $X in 2019. Over the period under review, total imports indicated a buoyant expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in the immediate term.

Imports by Country

In 2019, China (X units) constituted the largest supplier of needles and catheters to Hong Kong SAR, accounting for a X% share of total imports. Moreover, needles and catheters imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X units), sixfold. The third position in this ranking was occupied by Malaysia (X units), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Malaysia (+X% per year).

In value terms, China ($X), the U.S. ($X) and the Netherlands ($X) constituted the largest needles and catheters suppliers to Hong Kong SAR, with a combined X% share of total imports. These countries were followed by Singapore, Japan, Costa Rica, Malaysia and India, which together accounted for a further X Rica (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of 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 and catheters import price stood at $X per unit in 2019, rising by X% against the previous year. Over the period under review, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Costa Rica, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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