Malaysia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Malaysia

The Malaysian needles, catheters, cannulae market expanded modestly to $X in 2021, growing by 4.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Needles, Catheters, Cannulae Production in Malaysia

In value terms, needles, catheters, cannulae production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 22% against the previous year. Needles, catheters, cannulae production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from Malaysia

In 2021, overseas shipments of needles, catheters, cannulae increased by 9.6% to X units, rising for the fifth consecutive year after two years of decline. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +42.9% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports skyrocketed to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.3% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 27%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Japan (X units), China (X units) and the United States (X units) were the main destinations of needles, catheters, cannulae exports from Malaysia, with a combined 54% share of total exports. These countries were followed by Germany, Indonesia, the Philippines, Vietnam, Taiwan (Chinese), Australia, Singapore, Belgium, the UK and Thailand, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +24.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Japan ($X) constituted the largest markets for needles, catheters, cannulae exported from Malaysia worldwide, together accounting for 57% of total exports. China, Belgium, Singapore, Australia, the UK, Taiwan (Chinese), Indonesia, the Philippines, Vietnam and Thailand lagged somewhat behind, together comprising a further 29%.

The UK, with a CAGR of +21.5%, recorded the highest rates of growth with regard to 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

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, with an increase of 6% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% 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 -5.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the average price for exports to Indonesia ($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 Belgium (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Malaysia

In 2021, overseas purchases of needles, catheters, cannulae increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 49%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports reduced to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 74% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Singapore (X units) were the main suppliers of needles, catheters, cannulae imports to Malaysia, with a combined 49% share of total imports. These countries were followed by the United States, Thailand, Japan, South Korea, the UK, Vietnam, Taiwan (Chinese), India, the Netherlands and the United Arab Emirates, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +47.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United States ($X) and China ($X) constituted the largest needles, catheters, cannulae suppliers to Malaysia, with a combined 44% share of total imports. Germany, Japan, Thailand, Vietnam, South Korea, India, the UK, the Netherlands, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, the UK, with a CAGR of +15.9%, saw the highest growth rate of the value of imports, 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, reducing by -31.6% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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 ($X per unit), while the price for Thailand ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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