Venezuela: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Venezuela

The Venezuelan needles, catheters, cannulae market surged to $X in 2021, picking up by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt shrinkage. Needles, catheters, cannulae consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Needles, Catheters, Cannulae Exports

Exports from Venezuela

In 2021, the amount of needles, catheters, cannulae exported from Venezuela surged to X units, jumping by 484% against the year before. In general, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 780% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 422% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for needles, catheters, cannulae exports from Venezuela, with a 87% share of total exports. Moreover, needles, catheters, cannulae exports to Chile exceeded the volume sent to the second major destination, Panama (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +49.8%.

In value terms, the largest markets for needles, catheters, cannulae exported from Venezuela were Panama ($X) and Chile ($X).

Panama, with a CAGR of +48.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2021, declining by -73.8% against the previous year. Over the period under review, the export price recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 247% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+9.6%), while the prices for the other major destinations experienced a decline.

Needles, Catheters, Cannulae Imports

Imports into Venezuela

Needles, catheters, cannulae imports into Venezuela rose sharply to X units in 2021, picking up by 13% on the previous year's figure. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 230%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports skyrocketed to $X in 2021. Overall, imports, however, faced a deep setback. The growth pace was the most rapid in 2015 with an increase of 99% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main needles, catheters, cannulae supplier to Venezuela, accounting for a 92% share of total imports. It was followed by the United States (X units), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-26.5% per year) and Panama (-48.9% per year).

In value terms, China ($X) constituted the largest supplier of needles, catheters, cannulae to Venezuela, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with a 6.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-29.3% per year) and Panama (-54.6% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, growing by 19% against the previous year. Overall, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 an increase of 54% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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