Singapore: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Singapore

After two years of growth, the Singaporean needles, catheters, cannulae market decreased by -1.5% to $X in 2021. In general, consumption, however, showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in Singapore

In value terms, needles, catheters, cannulae production shrank notably to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 50% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from Singapore

Needles, catheters, cannulae exports from Singapore contracted to X units in 2021, waning by -9.3% compared with the previous year. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 2015 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then contracted in the following year.

In value terms, needles, catheters, cannulae exports declined to $X in 2021. Overall, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units), the United States (X units) and Australia (X units) were the main destinations of needles, catheters, cannulae exports from Singapore, together comprising 40% of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +32.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Belgium ($X) were the largest markets for needles, catheters, cannulae exported from Singapore worldwide, with a combined 29% share of total exports. Taiwan (Chinese), Australia, India, South Korea, China, Thailand, Indonesia, the UK, the Philippines and Hong Kong SAR lagged somewhat behind, together accounting for a further 44%.

Australia, with a CAGR of +17.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, reducing by -1.8% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28% against the previous year. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the Philippines ($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 Indonesia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Singapore

In 2021, purchases abroad of needles, catheters, cannulae was finally on the rise to reach X units after two years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume 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. The pace of growth was the most pronounced in 2015 when imports increased by 38%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, needles, catheters, cannulae imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Malaysia (X units) were the main suppliers of needles, catheters, cannulae imports to Singapore, with a combined 55% share of total imports. These countries were followed by Thailand, Mexico, the Dominican Republic, Japan, the Netherlands, Indonesia and Belgium, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of needles, catheters, cannulae to Singapore, comprising 32% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.7% per year) and Mexico (+2.3% per year).

Import Prices by Country

In 2021, the average needles, catheters, cannulae import price amounted to $X per unit, falling by -11.6% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average 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 Indonesia ($X per unit), while the price for the Dominican Republic (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 China (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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