Canada: Needles And Catheters Market 2021

Needles And Catheters Market Size in Canada

After two years of growth, the Canadian needles and catheters market decreased by -X% to $X in 2019. In general, consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Needles And Catheters Production in Canada

In value terms, needles and catheters production shrank to $X in 2019 estimated in export prices. In general, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2019, production failed to regain the momentum.

Needles And Catheters Exports

Exports from Canada

In 2019, shipments abroad of needles, catheters, cannulae for medicine decreased by -X% to X units, falling for the third consecutive year after two years of growth. Overall, exports showed a mild setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, exports reached the peak of X units. From 2017 to 2019, the growth exports remained at a lower figure.

In value terms, needles and catheters exports amounted to $X in 2019. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to continue growth in years to come.

Exports by Country

The U.S. (X units) was the main destination for needles and catheters exports from Canada, with a X% share of total exports. Moreover, needles and catheters exports to the U.S. exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold.

From 2007 to 2019, the average annual growth rate of volume to the U.S. totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Japan (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for needles and catheters exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Japan (+X% per year).

Export Prices by Country

The average needles and catheters export price stood at $X per unit in 2019, picking up by X% against the previous year. Over the period under review, the export price saw significant growth. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The export price peaked in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the U.S. ($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 Canada

In 2019, approx. X units of needles, catheters, cannulae for medicine were imported into Canada; reducing by -X% on the previous year. Over the period under review, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. As a result, imports reached the peak of X units. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, needles and catheters imports reached $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X units) constituted the largest supplier of needles and catheters to Canada, accounting for a X% share of total imports. Moreover, needles and catheters imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X units), fivefold. The third position in this ranking was occupied by Mexico (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: the U.S. (-X% per year) and Mexico (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of needles and catheters to Canada, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Costa Rica (+X% per year).

Import Prices by Country

The average needles and catheters import price stood at $X per unit in 2019, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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