Ireland: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Ireland

The Irish needles, catheters, cannulae market reduced modestly to $X in 2021, flattening at the previous year. Overall, consumption, however, showed a slight contraction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Needles, Catheters, Cannulae Production in Ireland

In value terms, needles, catheters, cannulae production rose markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 50%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Needles, Catheters, Cannulae Exports

Exports from Ireland

For the third consecutive year, Ireland recorded growth in overseas shipments of needles, catheters, cannulae, which increased by 12% to X units in 2021. Overall, total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% 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 increased by +63.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 28%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports soared to $X in 2021. The total export value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units), the United States (X units) and the United Arab Emirates (X units) were the main destinations of needles, catheters, cannulae exports from Ireland, together accounting for 73% 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 the United Arab Emirates (with a CAGR of +60.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Germany ($X) were the largest markets for needles, catheters, cannulae exported from Ireland worldwide, with a combined 72% share of total exports. Japan, the United Arab Emirates, China, the UK, France and Belgium lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +51.7%, 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

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, increasing by 2.9% against the previous year. Over the period under review, the export price recorded moderate growth. The growth pace was the most rapid in 2016 an increase of 126%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 Japan ($X per unit), while the average price for exports to Belgium ($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 China (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Ireland

Needles, catheters, cannulae imports into Ireland reached X units in 2021, picking up by 13% compared with the previous year. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 -7.6% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 27%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports rose markedly to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +20.5% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 33%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X units) was the main supplier of needles, catheters, cannulae to Ireland, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +2,097.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of needles, catheters, cannulae to Ireland.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +1,535.8%.

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, dropping by -1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2015 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +31.0% per year.

Source: IndexBox Platform

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