Myanmar: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Myanmar

The Myanmar's needles, catheters, cannulae market declined dramatically to $X in 2021, with a decrease of -32.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a resilient increase. Needles, catheters, cannulae consumption peaked at $X in 2020, and then dropped dramatically in the following year.

Needles, Catheters, Cannulae Exports

Exports from Myanmar

In 2021, the amount of needles, catheters, cannulae exported from Myanmar dropped significantly to X units, waning by -98.3% on the previous year's figure. Over the period under review, exports saw a sharp decrease. The pace of growth was the most pronounced in 2017 with an increase of 1,383%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports declined markedly to $X in 2021. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 115%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for needles, catheters, cannulae exports from Myanmar, accounting for a 86,585% share of total exports. Moreover, needles, catheters, cannulae exports to South Africa exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The third position in this ranking was taken by Vietnam (X units), with a 25,955% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa stood at +242.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+72.4% per year) and Vietnam (-0.6% per year).

In value terms, South Africa ($X) emerged as the key foreign market for needles, catheters, cannulae exports from Myanmar, comprising 51% of total exports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total exports. It was followed by Vietnam, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to South Africa amounted to +148.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+31.1% per year) and Vietnam (-51.7% per year).

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2021, shrinking by -47.6% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 870%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Chile (less than $X per unit) and Vietnam (less than $X per unit), while the average price for exports to Japan (less than $X per unit) and Canada (less than $X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-23.9%), while the prices for the other major destinations experienced a decline.

Needles, Catheters, Cannulae Imports

Imports into Myanmar

In 2021, approx. X units of needles, catheters, cannulae were imported into Myanmar; with a decrease of -33.4% on 2020 figures. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 152%. Imports peaked at X units in 2020, and then contracted remarkably in the following year.

In value terms, needles, catheters, cannulae imports contracted markedly to $X in 2021. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by 90%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of needles, catheters, cannulae to Myanmar, accounting for a 358% share of total imports. It was followed by Thailand (X units), with a 5.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +47.3%.

In value terms, China ($X) constituted the largest supplier of needles, catheters, cannulae to Myanmar, comprising 52% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +8.7%.

Import Prices by Country

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, with an increase of 20% against the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China amounted to less than $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-2.6%).

Source: IndexBox Platform

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