Report Update Nov 1, 2024

Nigeria - Needles, Catheters, Cannulae - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Nigeria

After four years of growth, the Nigerien needles, catheters, cannulae market decreased by -28.5% to $X in 2021. Overall, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then contracted dramatically in the following year.

Needles, Catheters, Cannulae Exports

Exports from Nigeria

In 2021, overseas shipments of needles, catheters, cannulae increased by 14% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 98%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports reduced slightly to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. The exports peaked at $X in 2020, and then contracted slightly in the following year.

Exports by Country

Cote d'Ivoire (X units), Benin (X units) and Burkina Faso (X units) were the main destinations of needles, catheters, cannulae exports from Nigeria, together comprising 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +54.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needles, catheters, cannulae exported from Nigeria were the Netherlands ($X), Cote d'Ivoire ($X) and Benin ($X), with a combined 90% share of total exports. Burkina Faso, Ghana and Niger lagged somewhat behind, together comprising a further 7.5%.

Burkina Faso, with a CAGR of +39.8%, saw the highest growth rate of the value of exports, in terms of 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, declining by -15.8% against the previous year. In general, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 151%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then contracted notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Niger (less than $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 South Africa (+137.8%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Nigeria

In 2021, after four years of growth, there was significant decline in supplies from abroad of needles, catheters, cannulae, when their volume decreased by -23.8% to X units. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 140% against the previous year. Imports peaked at X units in 2020, and then declined remarkably in the following year.

In value terms, needles, catheters, cannulae imports fell markedly to $X in 2021. In general, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 69%. Over the period under review, imports reached the maximum at $X in 2020, and then contracted significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest needles, catheters, cannulae supplier to Nigeria, accounting for a 73% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.5%.

In value terms, China ($X) constituted the largest supplier of needles, catheters, cannulae to Nigeria, comprising 55% of total imports. The second position in the ranking was taken by India ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.2%.

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, declining by -10.6% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 49%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-5.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for needles, catheters, cannulae in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, together comprising 27% of global consumption.

What are the largest producers of needles, catheters, cannulae in the world?

The countries with the highest volumes of in 2021 were China, Mexico and Brazil, together accounting for 34% of global production. India, the United States, Malaysia, Pakistan, Bangladesh, the UK, Indonesia, Slovakia, Nigeria and Thailand lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of needles, catheters, cannulae to Nigeria?

In value terms, China constituted the largest supplier of needles, catheters, cannulae to Nigeria, comprising 68% of total imports. The second position in the ranking was occupied by India, with a 19% share of total imports.

What are the leading importers of needles, catheters, cannulae from Nigeria?

In value terms, the largest markets for needles, catheters, cannulae exported from Nigeria were the Netherlands, Cote d'Ivoire and Benin, with a combined 95% share of total exports.

What is the average export price for needles, catheters, cannulae in Nigeria?

The average needles, catheters, cannulae export price stood at $0.5 per unit in 2021, growing by 239% against the previous year.

What is the average import price for needles, catheters, cannulae in Nigeria?

The average needles, catheters, cannulae import price stood at $0.3 per unit in 2021, falling by -11.1% against the previous year.

This report provides an in-depth analysis of the needles, catheters, cannulae market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32501313 - Tubular metal needles, for medical, surgical, dental or veterinary sciences
Prodcom 32501315 - Needles for sutures used in medical, surgical, dental or veterinary sciences
Prodcom 32501317 - Needles, catheters, cannulae and the like used in medical, s urgical, dental or veterinary sciences (excluding tubular metal needles and needles for sutures)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023