Scandinavia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Scandinavia

In 2021, the Scandinavia needles, catheters, cannulae market decreased by -1.4% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted modestly in the following year.

Needles, Catheters, Cannulae Production in Scandinavia

In value terms, needles, catheters, cannulae production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 100%. As a result, production attained the peak level of $X, and then dropped significantly in the following year.

Needles, Catheters, Cannulae Exports

Exports in Scandinavia

In 2021, after three years of growth, there was significant decline in shipments abroad of needles, catheters, cannulae, when their volume decreased by -10.5% to X units. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, needles, catheters, cannulae exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, resulting at X units, which was approx. 97% of total exports in 2021. Finland (X units) held a minor share of total exports.

Exports from Sweden increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Finland (+7.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.5% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest needles, catheters, cannulae supplier in Scandinavia, comprising 81% of total exports. The second position in the ranking was taken by Finland ($X), with an 18% share of total exports.

In Sweden, needles, catheters, cannulae exports expanded at an average annual rate of +2.3% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, jumping by 33% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+17.5%).

Needles, Catheters, Cannulae Imports

Imports in Scandinavia

In 2021, after two years of growth, there was decline in purchases abroad of needles, catheters, cannulae, when their volume decreased by -2% to X units. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then dropped in the following year.

In value terms, needles, catheters, cannulae imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Sweden (X units) represented the key importer of needles, catheters, cannulae, constituting 60% of total imports. Finland (X units) took the second position in the ranking, followed by Norway (X units). All these countries together held approx. 40% share of total imports.

Sweden was also the fastest-growing in terms of the needles, catheters, cannulae imports, with a CAGR of +7.8% from 2012 to 2021. At the same time, Finland (+3.8%) and Norway (+2.3%) displayed positive paces of growth. Sweden (+10 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by -4% and -6% from 2012 to 2021, respectively.

In value terms, the largest needles, catheters, cannulae importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X), with a combined 99.9% share of total imports.

Finland, with a CAGR of +6.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2021, with an increase of 13% against the previous year. In general, the import price, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 an increase of 16%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform