Portugal: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Portugal

After two years of decline, the Portuguese needles, catheters, cannulae market increased by 25% to $X in 2021. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports from Portugal

Needles, catheters, cannulae exports from Portugal surged to X units in 2021, rising by 16% against the previous year's figure. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 48% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, needles, catheters, cannulae exports soared to $X in 2021. Over the period under review, exports showed prominent growth. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Angola (X units) was the main destination for needles, catheters, cannulae exports from Portugal, with a 33% share of total exports. Moreover, needles, catheters, cannulae exports to Angola exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Brazil (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.3% per year) and Brazil (+3.6% per year).

In value terms, the largest markets for needles, catheters, cannulae exported from Portugal were Angola ($X), France ($X) and the United States ($X), together accounting for 44% of total exports. New Zealand, Spain, Cabo Verde, the Netherlands, Germany, South Korea, Lithuania, Brazil, Equatorial Guinea and Israel lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, South Korea, with a CAGR of +237.1%, recorded the highest rates of growth with regard to the value of exports, 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, rising by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 an increase of 41%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 ($X per unit), while the average price for exports to Brazil ($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 France (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Portugal

In 2021, purchases abroad of needles, catheters, cannulae was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports soared to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. 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.

Imports by Country

Spain (X units), Belgium (X units) and Germany (X units) were the main suppliers of needles, catheters, cannulae imports to Portugal, together accounting for 66% of total imports. The Netherlands, China, France, Italy and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) appeared to be the largest needles, catheters, cannulae suppliers to Portugal, together comprising 74% of total imports.

Germany, with a CAGR of +14.1%, 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, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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