Singapore: Needles And Catheters Market 2021

Needles And Catheters Market Size in Singapore

In 2019, the Singaporean needles and catheters market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Needles and catheters consumption peaked at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Needles And Catheters Production in Singapore

In value terms, needles and catheters production stood at $X in 2019 estimated in export prices. Overall, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Needles and catheters production peaked at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

Needles And Catheters Exports

Exports from Singapore

Needles and catheters exports from Singapore contracted markedly to X units in 2019, reducing by -X% against the previous year's figure. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X units in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, needles and catheters exports declined to $X in 2019. Over the period under review, exports posted a notable expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X units), India (X units) and Belgium (X units) were the main destinations of needles and catheters exports from Singapore, together comprising X% of total exports. These countries were followed by China, South Korea, the U.S., Australia, Germany, Taiwan (Chinese), Indonesia, Thailand, Switzerland and the Philippines, which together accounted for a further X 2007 to 2019, the biggest increases were in Switzerland (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), South Korea ($X) and the U.S. ($X) constituted the largest markets for needles and catheters exported from Singapore worldwide, with a combined X% share of total exports. Malaysia, Taiwan (Chinese), Australia, China, Germany, India, Indonesia, Thailand, Switzerland and the Philippines lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Switzerland (+X% per year) 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

The average needles and catheters export price stood at $X per unit in 2019, picking up by X% against the previous year. Overall, the export price recorded a significant increase. The pace of growth was the most pronounced in 2009 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure in 2019 and is likely to continue growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Needles And Catheters Imports

Imports into Singapore

In 2019, approx. X units of needles, catheters, cannulae for medicine were imported into Singapore; with a decrease of -X% against the year before. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at X units in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, needles and catheters imports dropped to $X in 2019. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2019, the growth imports remained at a lower figure.

Imports by Country

The U.S. (X units), China (X units) and Japan (X units) were the main suppliers of needles and catheters imports to Singapore, together comprising X% of total imports. Mexico, Malaysia, Ireland, Indonesia and Costa Rica lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Mexico, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Malaysia ($X) and Mexico ($X) appeared to be the largest needles and catheters suppliers to Singapore, together comprising X% of total imports.

Mexico (+X% per year) recorded the highest growth rate of the value of imports, in terms of 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 and catheters import price stood at $X per unit in 2019, surging by X% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; afterwards, it flattened through to 2019.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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