India: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in India

The Indian needles, catheters, cannulae market skyrocketed to $X in 2021, rising by 22% against the previous year. Overall, consumption, however, saw a prominent increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Production in India

In value terms, needles, catheters, cannulae production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 45% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Exports

Exports from India

In 2021, approx. X units of needles, catheters, cannulae were exported from India; which is down by -20.2% compared with 2020. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports rose notably to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.2% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and Brazil (X units) were the main destinations of needles, catheters, cannulae exports from India, with a combined 24% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +35.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and China ($X) were the largest markets for needles, catheters, cannulae exported from India worldwide, together accounting for 25% of total exports.

China, with a CAGR of +45.2%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, growing by 37% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 50%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Brazil ($X per unit), while the average price for exports to Nigeria ($X per unit) and France ($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 Turkey (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into India

Needles, catheters, cannulae imports into India skyrocketed to X units in 2021, picking up by 118% against 2020. In general, imports posted perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 125%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports soared to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 -7.5% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and the Netherlands (X units) were the main suppliers of needles, catheters, cannulae imports to India, together comprising 44% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +50.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Singapore ($X) appeared to be the largest needles, catheters, cannulae suppliers to India, with a combined 41% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +52.7%, saw 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

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, shrinking by -37.2% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 61%. As a result, import price attained the peak level of $X per unit, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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