Uruguay: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Uruguay

In 2021, the Uruguayan needles, catheters, cannulae market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a tangible increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from Uruguay

After four years of decline, shipments abroad of needles, catheters, cannulae increased by 20% to X units in 2021. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports declined modestly to $X in 2021. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 0.6% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X units) was the main destination for needles, catheters, cannulae exports from Uruguay, with a 70% share of total exports. Moreover, needles, catheters, cannulae exports to Argentina exceeded the volume sent to the second major destination, Brazil (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 4.1% share.

From 2015 to 2021, the average annual rate of growth in terms of volume to Argentina stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-25.9% per year) and Germany (-10.3% per year).

In value terms, Argentina ($X), Brazil ($X) and Germany ($X) appeared to be the largest markets for needles, catheters, cannulae exported from Uruguay worldwide, with a combined 82% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +3.0%, 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 a decline.

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2021, dropping by -16.6% against the previous year. Over the period under review, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2020 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Uruguay

In 2021, needles, catheters, cannulae imports into Uruguay skyrocketed to X units, increasing by 29% on the previous year's figure. Over the period under review, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 84%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports rose markedly to $X in 2021. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 101% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of needles, catheters, cannulae to Uruguay, accounting for a 38% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. Germany (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.9% per year) and Germany (+2.0% per year).

In value terms, the United States ($X) constituted the largest supplier of needles, catheters, cannulae to Uruguay, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.5% per year) and Germany (+5.4% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, reducing by -11.3% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 34%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 France ($X per unit), while the price for India (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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :