Oman: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Oman

The Omani needles, catheters, cannulae market was estimated at $X in 2021, rising by 8.4% 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). In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Needles, Catheters, Cannulae Exports

Exports from Oman

After three years of growth, overseas shipments of needles, catheters, cannulae decreased by -69.3% to X units in 2021. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 621% against the previous year. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, needles, catheters, cannulae exports dropped significantly to $X in 2021. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2015 with an increase of 611%. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Yemen (X units) was the main destination for needles, catheters, cannulae exports from Oman, with a 96% share of total exports. It was followed by the United Arab Emirates (X units), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Yemen totaled +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+59.0% per year) and Saudi Arabia (+2.0% per year).

In value terms, Yemen ($X) remains the key foreign market for needles, catheters, cannulae exports from Oman, comprising 87% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Yemen stood at +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+48.1% per year) and Saudi Arabia (-2.4% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, picking up by 58% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 90%. 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 stood at a somewhat lower figure.

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 Yemen ($X per unit), while the average price for exports to the United Arab Emirates ($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 Yemen (+8.9%), while the prices for the other major destinations experienced a decline.

Needles, Catheters, Cannulae Imports

Imports into Oman

In 2021, needles, catheters, cannulae imports into Oman shrank significantly to X units, dropping by -23.1% on 2020. Over the period under review, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 76% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports soared to $X in 2021. In general, total imports indicated prominent growth 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. Based on 2021 figures, imports increased by +19.0% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 43%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

The United Arab Emirates (X units), India (X units) and China (X units) were the main suppliers of needles, catheters, cannulae imports to Oman, together comprising 50% of total imports. These countries were followed by Belgium, Germany, the Netherlands, Qatar, the UK and Saudi Arabia, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest needles, catheters, cannulae suppliers to Oman were the United Arab Emirates ($X), the Netherlands ($X) and Germany ($X), together comprising 37% of total imports. Qatar, Belgium, India, China, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 14%.

Qatar, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by 72% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% 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 reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China (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 Qatar (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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