ASEAN: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in ASEAN

The ASEAN needles, catheters, cannulae market expanded significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Needles, Catheters, Cannulae Production in ASEAN

In value terms, needles, catheters, cannulae production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports in ASEAN

For the sixth consecutive year, ASEAN recorded growth in overseas shipments of needles, catheters, cannulae, which increased by X% to X units in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, needles, catheters, cannulae exports skyrocketed to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Malaysia (X units) represented the largest exporter of needles, catheters, cannulae, constituting X% of total exports. Thailand (X units) held the second position in the ranking, distantly followed by Singapore (X units) and Vietnam (X units). All these countries together took near X% share of total exports. The Philippines (X units) followed a long way behind the leaders.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest needles, catheters, cannulae supplying countries in ASEAN were Malaysia ($X), Singapore ($X) and Vietnam ($X), together comprising X% of total exports. Thailand and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw 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 export price in ASEAN stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Needles, Catheters, Cannulae Imports

Imports in ASEAN

In 2022, the amount of needles, catheters, cannulae imported in ASEAN skyrocketed to X units, increasing by X% on the previous year. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, needles, catheters, cannulae imports skyrocketed to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the four major importers of needles, catheters, cannulae, namely Vietnam, Malaysia, Thailand and Indonesia, represented more than two-thirds of total import. Singapore (X units) held the next position in the ranking, followed by the Philippines (X units). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, Indonesia and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded 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 import price in ASEAN stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a noticeable contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :