Slovakia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Slovakia

In 2021, after two years of growth, there was significant decline in the Slovak needles, catheters, cannulae market, when its value decreased by -13.1% to $X. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Needles, Catheters, Cannulae Production in Slovakia

In value terms, needles, catheters, cannulae production reached $X in 2021 estimated in export price. Overall, production saw significant growth. The growth pace was the most rapid in 2020 when the production volume increased by 932%. Needles, catheters, cannulae production peaked in 2021 and is expected to retain growth in years to come.

Needles, Catheters, Cannulae Exports

Exports from Slovakia

Needles, catheters, cannulae exports from Slovakia fell rapidly to X units in 2021, reducing by -16.2% compared with 2020. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2020 with an increase of 121%. As a result, the exports attained the peak of X units, and then declined rapidly in the following year.

In value terms, needles, catheters, cannulae exports contracted to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +52.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The Netherlands (X units) was the main destination for needles, catheters, cannulae exports from Slovakia, accounting for a 69% share of total exports. Moreover, needles, catheters, cannulae exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+4.4% per year) and Germany (+15.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for needles, catheters, cannulae exports from Slovakia, comprising 36% of total exports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total exports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+0.9% per year) and Germany (+2.7% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, with an increase of 3.6% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat 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 ($X per unit), while the average price for exports to the Netherlands ($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 Belgium (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Needles, Catheters, Cannulae Imports

Imports into Slovakia

In 2021, supplies from abroad of needles, catheters, cannulae decreased by -42.5% to X units, falling for the second year in a row after three years of growth. Overall, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 16%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports contracted to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period 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 2014 when imports increased by 23% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

China (X units), the Czech Republic (X units) and Hungary (X units) were the main suppliers of needles, catheters, cannulae imports to Slovakia, with a combined 33% share of total imports. These countries were followed by the United States, India, Poland, the UK, France, Thailand, Germany, Mexico, the Philippines and Belarus, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +259.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest needles, catheters, cannulae suppliers to Slovakia, together accounting for 33% of total imports. Hungary, the Czech Republic, Mexico, Thailand, India, France, the UK, Poland, the Philippines and Belarus lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, the Philippines, with a CAGR of +227.4%, recorded 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

The average needles, catheters, cannulae import price stood at $X per unit in 2021, rising by 61% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, needles, catheters, cannulae import price increased by +61.1% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for the Philippines (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 Germany (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :