MERCOSUR: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in MERCOSUR

The MERCOSUR needles, catheters, cannulae market expanded sharply to $X in 2021, surging by 5.6% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Needles, Catheters, Cannulae Production in MERCOSUR

In value terms, needles, catheters, cannulae production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Needles, Catheters, Cannulae Exports

Exports in MERCOSUR

In 2021, the amount of needles, catheters, cannulae exported in MERCOSUR rose sharply to X units, picking up by 8.7% on 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% 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 +81.5% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 34%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, needles, catheters, cannulae exports stood at $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 21%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Brazil (X units) was the largest exporter of needles, catheters, cannulae, generating 73% of total exports. It was distantly followed by Colombia (X units), generating an 18% share of total exports. Uruguay (X units), Argentina (X units) and Paraguay (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to needles, catheters, cannulae exports from Brazil stood at +6.1%. At the same time, Paraguay (+11.8%), Argentina (+2.1%) and Colombia (+1.8%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +11.8% from 2012-2021. By contrast, Uruguay (-11.4%) illustrated a downward trend over the same period. While the share of Brazil (+4.2 p.p.) and Uruguay (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Colombia (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest needles, catheters, cannulae supplier in MERCOSUR, comprising 74% of total exports. The second position in the ranking was held by Colombia ($X), with a 14% share of total exports. It was followed by Argentina, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in Brazil totaled -1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (+2.0% per year) and Argentina (+3.4% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, dropping by -7.4% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 12%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Needles, Catheters, Cannulae Imports

Imports in MERCOSUR

Needles, catheters, cannulae imports skyrocketed to X units in 2021, with an increase of 17% on 2020. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, needles, catheters, cannulae imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the key importer of needles, catheters, cannulae in MERCOSUR, with the volume of imports recording X units, which was approx. 45% of total imports in 2021. Colombia (X units) held the second position in the ranking, followed by Peru (X units), Ecuador (X units), Argentina (X units) and Chile (X units). All these countries together held approx. 48% share of total imports. Venezuela (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to needles, catheters, cannulae imports into Brazil stood at +8.3%. At the same time, Colombia (+10.1%), Peru (+9.2%), Ecuador (+6.7%), Argentina (+6.6%) and Chile (+5.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.1% from 2012-2021. By contrast, Venezuela (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Colombia and Peru increased by +6.3, +4.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported needles, catheters, cannulae in MERCOSUR, comprising 46% of total imports. The second position in the ranking was held by Colombia ($X), with an 18% share of total imports. It was followed by Chile, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at +1.9%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+8.3% per year) and Chile (+1.2% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, stabilizing at the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform