Southern Asia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Southern Asia

The South Asian needles, catheters, cannulae market soared to $X in 2021, increasing by 20% against the previous year. Overall, consumption, however, showed a resilient expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Needles, Catheters, Cannulae Production in Southern Asia

In value terms, needles, catheters, cannulae production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 53% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the immediate term.

Needles, Catheters, Cannulae Exports

Exports in Southern Asia

In 2021, the amount of needles, catheters, cannulae exported in Southern Asia dropped rapidly to X units, waning by -20.2% on 2020 figures. In general, exports showed a mild slump. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports expanded rapidly to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.3% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 34%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) represented roughly 99% of total exports in 2021.

India experienced a relatively flat trend pattern with regard to volume of exports of needles, catheters, cannulae. While the share of India (+5.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest needles, catheters, cannulae supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +9.0%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, picking up by 36% against the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 50%. The level of export peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +9.5% per year.

Needles, Catheters, Cannulae Imports

Imports in Southern Asia

In 2021, approx. X units of needles, catheters, cannulae were imported in Southern Asia; jumping by 41% on the previous year's figure. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% 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 -18.0% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 92%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 decreased by -1.3% against 2019 indices. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

India was the main importer of needles, catheters, cannulae in Southern Asia, with the volume of imports resulting at X units, which was near 59% of total imports in 2021. It was distantly followed by Pakistan (X units) and Bangladesh (X units), together generating a 33% share of total imports. The following importers - Nepal (X units), Afghanistan (X units) and Maldives (X units) - each reached a 5.6% share of total imports.

Imports into India increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Maldives (+23.0%), Pakistan (+12.3%), Afghanistan (+4.9%), Bangladesh (+2.6%) and Nepal (+1.4%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +23.0% from 2012-2021. While the share of Pakistan (+9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-2.5 p.p.) and India (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported needles, catheters, cannulae in Southern Asia, comprising 63% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 26% share of total imports. It was followed by Bangladesh, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in India totaled +4.1%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+14.1% per year) and Bangladesh (+1.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, reducing by -8.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. The level of import peaked at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :