Japan: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Japan

The Japanese needles, catheters, cannulae market contracted to $X in 2021, shrinking by -5.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Needles, catheters, cannulae consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in Japan

In value terms, needles, catheters, cannulae production declined rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 36%. Over the period under review, production attained the peak level at $X in 2020, and then plummeted in the following year.

Needles, Catheters, Cannulae Exports

Exports from Japan

In 2021, the amount of needles, catheters, cannulae exported from Japan expanded notably to X units, with an increase of 8.2% against the previous year. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2019; afterwards, it flattened through to 2021.

In value terms, needles, catheters, cannulae exports reached $X in 2021. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. 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 was the most pronounced in 2016 with an increase of 15%. Over the period under review, the exports attained the maximum 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) was the main destination for needles, catheters, cannulae exports from Japan, accounting for a 41% share of total exports. Moreover, needles, catheters, cannulae exports to the United States exceeded the volume sent to the second major destination, Belgium (X units), threefold. The third position in this ranking was taken by China (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+6.4% per year) and China (+7.0% per year).

In value terms, the largest markets for needles, catheters, cannulae exported from Japan were the United States ($X), Belgium ($X) and China ($X), together accounting for 61% of total exports. Vietnam, Germany, South Korea, Malaysia, Denmark, the Netherlands, the Philippines, Thailand, Brazil and Austria lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Vietnam, with a CAGR of +26.0%, saw the highest rates of growth with regard to 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, falling by -4.6% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.0% 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 export price decreased by -5.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Austria ($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 Vietnam (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Japan

In 2021, purchases abroad of needles, catheters, cannulae decreased by -3.7% to X units, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 7.9%. 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 modestly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 13%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Thailand (X units), China (X units) and Malaysia (X units) were the main suppliers of needles, catheters, cannulae imports to Japan, with a combined 69% share of total imports. The United States, the Philippines, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of needles, catheters, cannulae to Japan, comprising 30% of total imports. The second position in the ranking was taken by China ($X), with an 8.7% share of total imports. It was followed by Thailand, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Thailand (+2.3% per year).

Import Prices by Country

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, growing by 5.9% against the previous year. In general, the import price, however, showed a perceptible contraction. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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