Eastern Asia: Needles And Catheters Market 2021

Needles And Catheters Market Size in Eastern Asia

The East Asian needles and catheters market expanded to $X in 2019, picking up by X% against the previous year. The total consumption indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Needles And Catheters Production in Eastern Asia

In value terms, needles and catheters production rose slightly to $X in 2019 estimated in export prices. The total production indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

Production By Country in Eastern Asia

China (X units) remains the largest needles and catheters producing country in Eastern Asia, accounting for X% of total volume. Moreover, needles and catheters production in China exceeded the figures recorded by the second-largest producer, Japan (X units), sixfold.

From 2007 to 2019, the average annual growth rate of volume in China stood at +X%.

Needles And Catheters Exports

Exports in Eastern Asia

In 2019, shipments abroad of needles, catheters, cannulae for medicine increased by X% to X units, rising for the third consecutive year after five years of decline. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X units in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, needles and catheters exports rose remarkably to $X in 2019. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

In 2019, China (X units) represented the largest exporter of needles, catheters, cannulae for medicine, making up X% of total exports. Japan (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by South Korea (X%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the needles, catheters, cannulae for medicine exports, with a CAGR of +X% from 2007 to 2019. At the same time, Japan (+X%), South Korea (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Taiwan (Chinese) (-X p.p.), South Korea (-X p.p.) and Japan (-X p.p.) displayed negative dynamics.

In value terms, the largest needles and catheters supplying countries in Eastern Asia were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

China recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The needles and catheters export price in Eastern Asia stood at $X per unit in 2019, growing by X% against the previous year. Export price indicated a modest expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, needles and catheters export price increased by +X% against 2011 indices. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked in 2019 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced more modest paces of growth.

Needles And Catheters Imports

Imports in Eastern Asia

Needles and catheters imports dropped to X units in 2019, remaining relatively unchanged against the previous year. Total imports indicated mild growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, needles and catheters imports totaled $X in 2019. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. The level of import peaked in 2019 and is expected to retain growth in the immediate term.

Imports by Country

China (X units) and South Korea (X units) were the main importers of needles, catheters, cannulae for medicine in 2019, accounting for approx. X% and X% of total imports, respectively. Japan (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X units) took a little share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest needles and catheters importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

China saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The needles and catheters import price in Eastern Asia stood at $X per unit in 2019, rising by X% against the previous year. Import price indicated prominent growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, needles and catheters import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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