South-Eastern Asia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in South-Eastern Asia

The Southeast Asian needles, catheters, cannulae market shrank modestly to $X in 2021, approximately equating the previous year. Over the period under review, consumption, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2018 when the market value increased by 6.6%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in South-Eastern Asia

In value terms, needles, catheters, cannulae production shrank slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Needles, Catheters, Cannulae Exports

Exports in South-Eastern Asia

For the fifth year in a row, South-Eastern Asia recorded growth in overseas shipments of needles, catheters, cannulae, which increased by 3.1% to X units in 2021. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 56%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, needles, catheters, cannulae exports expanded slightly to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +77.8% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 20% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Thailand (X units) was the key exporter of needles, catheters, cannulae, comprising 62% of total exports. Vietnam (X units) ranks second in terms of the total exports with a 21% share, followed by the Philippines (6.7%) and Singapore (5.1%). Malaysia (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the needles, catheters, cannulae exports, with a CAGR of +29.5% from 2012 to 2021. At the same time, Vietnam (+25.6%), Malaysia (+5.5%) and Singapore (+5.3%) displayed positive paces of growth. By contrast, the Philippines (-7.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Thailand and Vietnam increased by +40 and +11 percentage points, respectively.

In value terms, the largest needles, catheters, cannulae supplying countries in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Thailand ($X), with a combined 80% share of total exports.

Among the main exporting countries, Thailand, with a CAGR of +16.4%, 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

In 2021, the export price in South-Eastern Asia amounted to $X per unit, stabilizing at the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when the export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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 Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Needles, Catheters, Cannulae Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of needles, catheters, cannulae decreased by -0.8% to X units, falling for the third consecutive year after four years of growth. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% 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 -9.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 34%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports shrank to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 35%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X units), Thailand (X units) and Singapore (X units) represented roughly 72% of total imports in 2021. The Philippines (X units) ranks next in terms of the total imports with an 8.3% share, followed by Malaysia (8.2%) and Indonesia (8.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +14.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest needles, catheters, cannulae importing markets in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Thailand ($X), together comprising 71% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +17.6%, saw 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 import price in South-Eastern Asia stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2014 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($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 Philippines (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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