Puerto Rico: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Puerto Rico

In 2021, the Puerto Rican needles, catheters, cannulae market decreased by -3.1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Needles, Catheters, Cannulae Production in Puerto Rico

In value terms, needles, catheters, cannulae production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 35% against the previous year. Puerto Rico production peaked at $X in 2020, and then shrank in the following year.

Needles, Catheters, Cannulae Exports

Exports from Puerto Rico

In 2021, needles, catheters, cannulae exports from Puerto Rico was estimated at less than X units, remaining stable against the previous year. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, needles, catheters, cannulae exports amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China represented the main exporter of needles, catheters, cannulae in the world, with the volume of exports amounting to X units, which was approx. 29% of total exports in 2021. Mexico (X units) took a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (5.8%), Germany (5.4%), the Netherlands (5.3%), the United States (5%) and Thailand (5%). Ireland (X units), Costa Rica (X units), Austria (X units), Hungary (X units), Poland (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to needles, catheters, cannulae exports from China stood at -3.8%. At the same time, the United States (+32.9%), Thailand (+29.5%), Austria (+24.2%), Hungary (+13.8%), the Netherlands (+8.4%), Mexico (+8.1%), Poland (+6.7%), Germany (+6.2%), France (+2.3%) and Ireland (+1.8%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.9% from 2012-2021. Costa Rica and Belgium experienced a relatively flat trend pattern. While the share of the United States (+4.6 p.p.), Thailand (+4.4 p.p.), Mexico (+3.9 p.p.), Austria (+2.4 p.p.), the Netherlands (+2.3 p.p.), Germany (+1.7 p.p.) and Hungary (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-1.6 p.p.) and China (-18.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), the Netherlands ($X) and Mexico ($X) were the countries with the highest levels of exports in 2021, with a combined 44% share of total exports. Ireland, China, Germany, Belgium, Costa Rica, France, Thailand, Hungary, Austria and Poland lagged somewhat behind, together comprising a further 39%.

Austria, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, standing approx. at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while Thailand ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+11.3%), while the other leaders experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Puerto Rico

Needles, catheters, cannulae imports into Puerto Rico stood at less than X units in 2021, approximately reflecting 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, needles, catheters, cannulae imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), followed by China (X units), Germany (X units), the Netherlands (X units) and Japan (X units) represented the largest importers of needles, catheters, cannulae, together creating 41% of total imports. The following importers - France (X units), the UK (X units), Mexico (X units), Belgium (X units), South Korea (X units), Italy (X units), Canada (X units) and Brazil (X units) - together made up 26% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the UK (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest needles, catheters, cannulae importing markets into Puerto Rico were the United States ($X), China ($X) and the Netherlands ($X), with a combined 45% share of total imports.

In terms of the main importing countries, China, with a CAGR of +12.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per thousand units), while Brazil ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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