Hong Kong SAR, China: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Hong Kong SAR, China

The Hong Kong needles, catheters, cannulae market contracted to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, saw a significant expansion. Needles, catheters, cannulae consumption peaked at $X in 2021, and then dropped in the following year.

Needles, Catheters, Cannulae Production in Hong Kong SAR, China

In value terms, needles, catheters, cannulae production fell to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Needles, catheters, cannulae production peaked at $X in 2021, and then reduced slightly in the following year.

Needles, Catheters, Cannulae Exports

Exports from Hong Kong SAR, China

In 2022, needles, catheters, cannulae exports from Hong Kong SAR expanded markedly to X units, rising by X% compared with 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports shrank modestly to $X in 2022. In general, total exports indicated pronounced growth 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 2015 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined modestly in the following year.

Exports by Country

China (X units) was the main destination for needles, catheters, cannulae exports from Hong Kong SAR, with a X% share of total exports. Moreover, needles, catheters, cannulae exports to China exceeded the volume sent to the second major destination, the United States (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) remains the key foreign market for needles, catheters, cannulae exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average needles, catheters, cannulae export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Hong Kong SAR, China

Needles, catheters, cannulae imports into Hong Kong SAR contracted sharply to X units in 2022, dropping by X% on 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports reduced to $X in 2022. In general, total imports indicated a measured 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of needles, catheters, cannulae imports to Hong Kong SAR, together accounting for X% of total imports. Belgium, Singapore, Japan, Malaysia and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest needles, catheters, cannulae suppliers to Hong Kong SAR were China ($X), the United States ($X) and the Netherlands ($X), together accounting for X% of total imports. Belgium, Singapore, Japan, Malaysia and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, 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, catheters, cannulae import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per unit) and the Netherlands ($X per unit), while the price for China ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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