Kuwait: Needles And Catheters Market 2021

Needles And Catheters Market Size in Kuwait

In 2019, the Kuwaiti needles and catheters market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market failed to regain the momentum.

Needles And Catheters Exports

Exports from Kuwait

In 2019, needles and catheters exports from Kuwait surged to X units, increasing by X% against the previous year's figure. Over the period under review, exports recorded a strong increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, needles and catheters exports soared to $X in 2019. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Qatar (X units) was the main destination for needles and catheters exports from Kuwait, with a X% share of total exports. Moreover, needles and catheters exports to Qatar exceeded the volume sent to the second major destination, France (X units), eightfold. Belgium (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Belgium (+X% per year).

In value terms, the largest markets for needles and catheters exported from Kuwait were Switzerland ($X), Qatar ($X) and France ($X), together comprising X% of total exports.

In terms of the main countries of destination, Qatar (+X% per year) 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 2019, the average needles and catheters export price amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. The export price peaked at $X per unit in 2018, and then contracted significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced mixed trend patterns.

Needles And Catheters Imports

Imports into Kuwait

In 2019, supplies from abroad of needles, catheters, cannulae for medicine increased by X% to X units for the first time since 2015, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2009 to 2019, the growth imports remained at a lower figure.

In value terms, needles and catheters imports expanded modestly to $X in 2019. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are likely to see steady growth in the near future.

Imports by Country

In 2019, Saudi Arabia (X units) constituted the largest supplier of needles and catheters to Kuwait, accounting for a X% share of total imports. Moreover, needles and catheters imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the U.S. (X units), twofold. Ireland (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Ireland (-X% per year).

In value terms, the U.S. ($X), Mexico ($X) and Ireland ($X) constituted the largest needles and catheters suppliers to Kuwait, together accounting for X% of total imports. The UK, Japan, Germany, China, India, France, Saudi Arabia, Thailand, Italy and Hungary lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, among 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 and catheters import price stood at $X per unit in 2019, waning by -X% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Mexico ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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