Russian Federation: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in the Russian Federation

In 2021, the Russian needles, catheters, cannulae market decreased by -4.8% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Needles, catheters, cannulae consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from the Russian Federation

In 2021, approx. X units of needles, catheters, cannulae were exported from Russia; jumping by 56% compared with the previous year. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, needles, catheters, cannulae exports surged to $X in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 121% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Belarus (X units), India (X units) and Kazakhstan (X units) were the main destinations of needles, catheters, cannulae exports from Russia, together comprising 78% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +191.2%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for needles, catheters, cannulae exports from Russia, comprising 30% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total exports. It was followed by India, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus amounted to +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+16.3% per year) and India (+182.4% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, declining by -7.2% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2013 an increase of 62%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to India ($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 Georgia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into the Russian Federation

In 2021, overseas purchases of needles, catheters, cannulae decreased by -12.6% to X units, falling for the second year in a row after five years of growth. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 26% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports dropped to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 14%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest needles, catheters, cannulae supplier to Russia, with a 38% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Poland (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.2% per year) and Poland (+12.2% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest needles, catheters, cannulae suppliers to Russia, with a combined 37% share of total imports. These countries were followed by Japan, Poland, Thailand, Ireland, Malaysia, India, Belarus, the Netherlands, South Korea and Slovakia, which together accounted for a further 31%.

Belarus, with a CAGR of +85.9%, saw the highest growth rate of 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, picking up by 14% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+61.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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