Kuwait: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Kuwait

In 2021, the Kuwaiti needles, catheters, cannulae market decreased by -13.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Needles, Catheters, Cannulae Exports

Exports from Kuwait

In 2021, after two years of growth, there was significant decline in overseas shipments of needles, catheters, cannulae, when their volume decreased by -36% to X units. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 523%. The exports peaked at X units in 2020, and then dropped significantly in the following year.

In value terms, needles, catheters, cannulae exports reduced dramatically to $X in 2021. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 310% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Belgium (X units) was the main destination for needles, catheters, cannulae exports from Kuwait, accounting for a 39% share of total exports. Moreover, needles, catheters, cannulae exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was held by Saudi Arabia (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +107.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+30.4% per year) and Saudi Arabia (+48.2% per year).

In value terms, the largest markets for needles, catheters, cannulae exported from Kuwait were Saudi Arabia ($X), the Netherlands ($X) and Belgium ($X), together accounting for 81% of total exports.

Saudi Arabia, with a CAGR of +45.6%, saw 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, waning by -2.8% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 582% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Bahrain ($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 South Korea (+293.6%), while the prices for the other major destinations experienced mixed trend patterns.

Needles, Catheters, Cannulae Imports

Imports into Kuwait

After two years of growth, supplies from abroad of needles, catheters, cannulae decreased by -21.8% to X units in 2021. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 110%. Imports peaked at X units in 2020, and then shrank notably in the following year.

In value terms, needles, catheters, cannulae imports fell to $X in 2021. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 128%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of needles, catheters, cannulae to Kuwait, with a 26% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The United States (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+41.0% per year) and the United States (+36.3% per year).

In value terms, the largest needles, catheters, cannulae suppliers to Kuwait were the United States ($X), Ireland ($X) and Mexico ($X), together accounting for 53% of total imports. These countries were followed by China, Germany, Japan, India, Thailand, the UK, Austria, Poland, the Netherlands and Malaysia, which together accounted for a further 23%.

Austria, with a CAGR of +49.2%, recorded the highest growth rate of 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, catheters, cannulae import price stood at $X per unit in 2021, jumping by 17% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45% against the previous year. The import price peaked 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 Netherlands ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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