Latvia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Latvia

The Latvian needles, catheters, cannulae market surged to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Needles, Catheters, Cannulae Exports

Exports from Latvia

After two years of growth, shipments abroad of needles, catheters, cannulae decreased by X% to X units in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, needles, catheters, cannulae exports declined markedly to $X in 2022. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Russia (X units) was the main destination for needles, catheters, cannulae exports from Latvia, with a X% share of total exports. Moreover, needles, catheters, cannulae exports to Russia exceeded the volume sent to the second major destination, Belarus (X units), ninefold. The third position in this ranking was taken by Estonia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Estonia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X.2% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average needles, catheters, cannulae export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($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 Lithuania (X%), while the prices for the other major destinations experienced a decline.

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Needles, Catheters, Cannulae Imports

Imports into Latvia

In 2022, purchases abroad of needles, catheters, cannulae decreased by X% to X units, falling for the second consecutive year after six years of growth. Overall, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, needles, catheters, cannulae imports amounted to $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of needles, catheters, cannulae imports to Latvia, together accounting for X% of total imports. Poland, Sweden, Estonia, Denmark, Lithuania, Italy and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X), Germany ($X) and Lithuania ($X) appeared to be the largest needles, catheters, cannulae suppliers to Latvia, together comprising X% of total imports. China, Denmark, Belgium, Estonia, Italy, Sweden and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Denmark, 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 average needles, catheters, cannulae import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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