Indonesia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Indonesia

In 2021, the Indonesian needles, catheters, cannulae market decreased by -9.4% to $X, falling for the second year in a row after five years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Needles, Catheters, Cannulae Production in Indonesia

In value terms, needles, catheters, cannulae production declined to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Needles, Catheters, Cannulae Exports

Exports from Indonesia

In 2021, the amount of needles, catheters, cannulae exported from Indonesia expanded slightly to X units, increasing by 4.2% compared with the previous year's figure. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 176% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, needles, catheters, cannulae exports contracted to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% 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 -8.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 90%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Japan (X units) and Guatemala (X units) were the main destinations of needles, catheters, cannulae exports from Indonesia, together comprising 41% of total exports. These countries were followed by the UK, the United States, Ecuador, Peru, Chile, Honduras, Nicaragua, Thailand, Morocco and El Salvador, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +106.3%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Japan ($X) were the largest markets for needles, catheters, cannulae exported from Indonesia worldwide, with a combined 46% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +62.0%, saw the highest growth rate of 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, waning by -5.4% against the previous year. In general, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala (less than $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 Peru (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Needles, Catheters, Cannulae Imports

Imports into Indonesia

In 2021, overseas purchases of needles, catheters, cannulae decreased by -51.2% to X units, falling for the second year in a row after five years of growth. In general, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 when imports increased by 45%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports declined remarkably to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 66% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest needles, catheters, cannulae supplier to Indonesia, accounting for a 40% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. Thailand (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-11.5% per year) and Thailand (+14.4% per year).

In value terms, China ($X), Malaysia ($X) and Thailand ($X) were the largest needles, catheters, cannulae suppliers to Indonesia, together accounting for 28% of total imports. These countries were followed by Japan, Germany, Singapore, India, the Philippines, South Korea and Vietnam, which together accounted for a further 26%.

Among the main suppliers, Vietnam, with a CAGR of +39.0%, recorded 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, rising by 31% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, needles, catheters, cannulae import price increased by +60.9% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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