Mexico: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Mexico

The Mexican needles, catheters, cannulae market totaled $X in 2021, surging by 2.4% against the previous year. In general, consumption saw a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in Mexico

In value terms, needles, catheters, cannulae production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a modest expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 61%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in years to come.

Needles, Catheters, Cannulae Exports

Exports from Mexico

In 2021, approx. X units of needles, catheters, cannulae were exported from Mexico; with an increase of 10% compared with the year before. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.5% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 20% against the previous year. As a result, the exports attained the peak of X units; afterwards, it flattened through to 2021.

In value terms, needles, catheters, cannulae exports rose markedly to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +105.6% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of 19%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for needles, catheters, cannulae exports from Mexico, accounting for a 57% share of total exports. Moreover, needles, catheters, cannulae exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+22.9% per year) and Germany (+12.1% per year).

In value terms, the United States ($X) remains the key foreign market for needles, catheters, cannulae exports from Mexico, comprising 54% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Germany, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+35.1% per year) and Germany (+6.5% per year).

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2021, with an increase of 2.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to South Korea ($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 (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Mexico

In 2021, supplies from abroad of needles, catheters, cannulae decreased by -24.7% to X units, falling for the second consecutive year after two years of growth. In general, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.9% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 47%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports expanded sharply to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 17%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of needles, catheters, cannulae to Mexico, accounting for a 55% share of total imports. Moreover, needles, catheters, cannulae imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by China (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.4% per year) and China (+3.7% per year).

In value terms, the United States ($X) constituted the largest supplier of needles, catheters, cannulae to Mexico, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 3.3% share of total imports. It was followed by Italy, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.0% per year) and Italy (+23.3% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, jumping by 52% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 United States ($X per unit), while the price for Italy (less than $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 United States (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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