Thailand: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Thailand

In 2021, the Thai needles, catheters, cannulae market decreased by -10.2% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, showed a abrupt shrinkage. Needles, catheters, cannulae consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in Thailand

In value terms, needles, catheters, cannulae production rose markedly to $X in 2021 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the near future.

Needles, Catheters, Cannulae Exports

Exports from Thailand

For the third consecutive year, Thailand recorded growth in shipments abroad of needles, catheters, cannulae, which increased by 8.6% to X units in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 144% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, needles, catheters, cannulae exports rose significantly to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 88% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Japan (X units) was the main destination for needles, catheters, cannulae exports from Thailand, with a 44% share of total exports. Moreover, needles, catheters, cannulae exports to Japan exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by China (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.3% per year) and China (+51.3% per year).

In value terms, the largest markets for needles, catheters, cannulae exported from Thailand were Japan ($X), the United States ($X) and China ($X), together comprising 55% of total exports. Germany, Belgium, South Korea, Taiwan (Chinese), Italy, India, Singapore and Turkey lagged somewhat behind, together comprising a further 21%.

Germany, with a CAGR of +44.3%, recorded 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

The average needles, catheters, cannulae export price stood at $X per unit in 2021, with an increase of 1.5% against the previous year. Over the period under review, the export price, however, faced a abrupt slump. The growth pace was the most rapid in 2018 an increase of 15%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Japan ($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 Turkey (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Thailand

In 2021, approx. X units of needles, catheters, cannulae were imported into Thailand; jumping by 19% against 2020. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 43%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, needles, catheters, cannulae imports dropped slightly to $X in 2021. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped slightly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest needles, catheters, cannulae supplier to Thailand, with a 51% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The Philippines (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+21.1% per year) and the Philippines (+5.4% per year).

In value terms, the largest needles, catheters, cannulae suppliers to Thailand were the United States ($X), China ($X) and Mexico ($X), with a combined 41% share of total imports. These countries were followed by Japan, Malaysia, the Philippines, Singapore, Taiwan (Chinese), Poland and Serbia, which together accounted for a further 19%.

Serbia, with a CAGR of +162.0%, saw the highest growth rate of the value of imports, among 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, catheters, cannulae import price stood at $X per unit in 2021, with a decrease of -16.2% against the previous year. Over the period under review, the import price showed a mild decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted remarkably in the following year.

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 Mexico ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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