Vietnam - Needles, Catheters, Cannulae for Medicine - Market Analysis, Forecast, Size, Trends and Insights
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Needles And Catheters Market Size in Vietnam
In 2019, the Vietnamese needles and catheters market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption enjoyed a perceptible expansion. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018, and then fell significantly in the following year.
Needles And Catheters Production in Vietnam
In value terms, needles and catheters production soared to $X in 2019 estimated in export prices. In general, production, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.
Needles And Catheters Exports
Exports from Vietnam
Needles and catheters exports from Vietnam contracted significantly to X units in 2019, reducing by -X% on 2018 figures. Overall, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of X units, and then shrank significantly in the following year.
In value terms, needles and catheters exports skyrocketed to $X in 2019. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked in 2019 and are likely to continue growth in the immediate term.
Exports by Country
Japan (X units) was the main destination for needles and catheters exports from Vietnam, with a X% share of total exports. Moreover, needles and catheters exports to Japan exceeded the volume sent to the second major destination, China (X units), fourfold. Malaysia (X units) ranked third in terms of total exports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Malaysia (-X% per year).
In value terms, Japan ($X), China ($X) and South Korea ($X) were the largest markets for needles and catheters exported from Vietnam worldwide, with a combined X% share of total exports. These countries were followed by Germany, Belgium, the U.S., the Netherlands, Taiwan (Chinese) and Malaysia, which together accounted for a further X the main countries of destination, Belgium (+X% per year) recorded the highest growth rate of 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
The average needles and catheters export price stood at $X per unit in 2019, with an increase of X% against the previous year. In general, the export price showed resilient growth. Over the period under review, average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.
Needles And Catheters Imports
Imports into Vietnam
After three years of growth, purchases abroad of needles, catheters, cannulae for medicine decreased by -X% to X units in 2019. In general, imports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X units in 2018, and then reduced markedly in the following year.
In value terms, needles and catheters imports dropped markedly to $X in 2019. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2018, and then fell sharply in the following year.
Imports by Country
In 2019, China (X units) constituted the largest needles and catheters supplier to Vietnam, accounting for a X% share of total imports. Moreover, needles and catheters imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The third position in this ranking was occupied by Japan (X units), with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-X% per year) and Japan (+X% per year).
In value terms, the largest needles and catheters suppliers to Vietnam were China ($X), the U.S. ($X) and Japan ($X), together accounting for X% of total imports. Thailand, Malaysia, Mexico, Germany, Switzerland, Costa Rica and India lagged somewhat behind, together comprising a further X the main suppliers, Costa Rica (+X% per year) saw the highest rates of growth with regard to 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 average needles and catheters import price stood at $X per unit in 2019, declining by -X% against the previous year. In general, the import price, however, continues to indicate perceptible growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2018, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the needles and catheters market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 32501317 - Needles, catheters, cannulae and the like used in medical, s urgical, dental or veterinary sciences (excluding tubular metal needles and needles for sutures)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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