Latvia: Needle And Catheter Market 2020

Needle And Catheter Market Size in Latvia

The revenue of the needle and catheter market in Latvia amounted to $X in 2018, lowering by -X% against the previous year. In general, needle and catheter consumption, however, continues to indicate a noticeable increase. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. In that year, the needle and catheter market attained its peak level of $X. From 2017 to 2018, the growth of the needle and catheter market remained at a somewhat lower figure.

Needle And Catheter Production in Latvia

In value terms, needle and catheter production amounted to $X in 2018 estimated in export prices. In general, needle and catheter production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Over the period under review, needle and catheter production attained its peak figure level at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Needle And Catheter Exports

Exports from Latvia

In 2018, the needle and catheter exports from Latvia totaled X tons, going up by X% against the previous year. Overall, needle and catheter exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Latvia exports peaked at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, needle and catheter exports stood at $X in 2018. Overall, needle and catheter exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, needle and catheter exports attained their maximum at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Mexico (X tons), distantly followed by Belgium (X tons), China (X tons), Costa Rica (X tons), the UK (X tons), the U.S. (X tons) and Germany (X tons) were the key exporters of needles, catheters, cannulae and the like, together creating X% of total exports. The Netherlands (X tons), Ireland (X tons), Malaysia (X tons), Japan (X tons) and Thailand (X tons) took a minor share of total exports.

Mexico experienced a relatively flat trend pattern of needles, catheters, cannulae and the like exports. At the same time, the UK (+X%), Costa Rica (+X%), Belgium (+X%), the Netherlands (+X%), Germany (+X%), China (+X%), Ireland (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The U.S., Japan and Thailand experienced a relatively flat trend pattern. From 2007 to 2018, the share of Belgium, the UK, Costa Rica, China, Germany, the Netherlands and Ireland increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Mexico (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest needle and catheter markets from Latvia were the U.S. ($X), the Netherlands ($X) and Ireland ($X), together accounting for X% of total exports.

Among the main exporting countries, the Netherlands experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the needle and catheter export price in Latvia amounted to $X per ton, waning by -X% against the previous year. Overall, the needle and catheter export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009 when the export price increased by X% year-to-year. Latvia export price peaked at $X per ton in 2010; however, from 2011 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Ireland ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Needle And Catheter Imports

Imports into Latvia

Needle and catheter imports into Latvia amounted to X tons in 2018, reducing by -X% against the previous year. Over the period under review, needle and catheter imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. In that year, needle and catheter imports attained their peak of X tons, and then declined slightly in the following year.

In value terms, needle and catheter imports amounted to $X in 2018. Overall, needle and catheter imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, needle and catheter imports reached their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

The U.S. was the major importer of needles, catheters, cannulae and the like in the world, with the volume of imports recording X tons, which was near X% of total imports in 2018. Mexico (X tons) took the second position in the ranking, followed by Belgium (X tons), Japan (X tons) and Germany (X tons). All these countries together held approx. X% share of total imports. France (X tons), the Netherlands (X tons), Italy (X tons), China (X tons), the UK (X tons), Spain (X tons) and South Korea (X tons) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of needles, catheters, cannulae and the like imports. At the same time, China (+X%), Mexico (+X%), France (+X%), South Korea (+X%), Spain (+X%), Belgium (+X%), Germany (+X%), Italy (+X%), Japan (+X%), the Netherlands (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Mexico, Belgium, Germany, China, France, Japan, Italy, South Korea, Spain and the U.S. increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Japan, China, Belgium, France, the UK, Mexico, Italy, Spain, South Korea and Latvia lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the needle and catheter import price in Latvia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the needle and catheter import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. In that year, the import prices for needles, catheters, cannulae and the like reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the import prices for needles, catheters, cannulae and the like remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform