Report Update Apr 1, 2024

Republic of Korea - Needles, Catheters, Cannulae for Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Needles And Catheters Market 2021

Needles And Catheters Market Size in Republic of Korea

The South Korean needles and catheters market expanded modestly to $X in 2019, 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). Over the period under review, consumption recorded a buoyant expansion. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Needles and catheters consumption peaked at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Needles And Catheters Exports

Exports from Republic of Korea

In 2019, overseas shipments of needles, catheters, cannulae for medicine increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. As a result, exports attained the peak of X units. From 2014 to 2019, the growth exports remained at a lower figure.

In value terms, needles and catheters exports totaled $X in 2019. Over the period under review, exports posted a moderate increase. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports failed to regain the momentum.

Exports by Country

India (X units), Brazil (X units) and Taiwan (Chinese) (X units) were the main destinations of needles and catheters exports from South Korea, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in India, while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for needles and catheters exported from South Korea worldwide, with a combined X% share of total exports.

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

Export Prices by Country

The average needles and catheters export price stood at $X per unit in 2019, leveling off at the previous year. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The export price peaked at $X per unit in 2008; however, from 2009 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while the average price for exports to India ($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 China, while the prices for the other major destinations experienced a decline.

Needles And Catheters Imports

Imports into Republic of Korea

In 2019, imports of needles, catheters, cannulae for medicine into South Korea amounted to X units, stabilizing at 2018. Over the period under review, imports showed a strong increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, needles and catheters imports amounted to $X in 2019. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid 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) was the main supplier of needles and catheters to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of needles and catheters to South Korea.

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

Import Prices by Country

The average needles and catheters import price stood at $X per unit in 2019, growing by X% against the previous year. Over the period under review, the import price posted a perceptible expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2019, the growth in terms of the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

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Frequently Asked Questions (FAQ) :

What are the largest markets for needles, catheters, cannulae for medicine in the world?

The country with the largest volume of needles and catheters consumption was El Salvador, accounting for 36% of total volume. Moreover, needles and catheters consumption in El Salvador exceeded the figures recorded by the second-largest consumer, French Polynesia, twofold. The third position in this ranking was occupied by China, with a 8.7% share.

What are the largest producers of needles, catheters, cannulae for medicine in the world?

China remains the largest needles and catheters producing country worldwide, comprising approx. 28% of total volume. Moreover, needles and catheters production in China exceeded the figures recorded by the second-largest producer, Slovakia, threefold. The third position in this ranking was occupied by the U.S., with a 8.5% share.

What are the leading suppliers of needles, catheters, cannulae for medicine to Republic of Korea?

In value terms, China constituted the largest supplier of needles and catheters to South Korea.

What are the leading importers of needles, catheters, cannulae for medicine from Republic of Korea?

In value terms, China, Japan and Taiwan Chinese) were the largest markets for needles and catheters exported from South Korea worldwide, together accounting for 24% of total exports.

What is the average export price for needles, catheters, cannulae for medicine in Republic of Korea?

In 2019, the average needles and catheters export price amounted to $0.2 per unit, stabilizing at the previous year.

What is the average import price for needles, catheters, cannulae for medicine in Republic of Korea?

In 2019, the average needles and catheters import price amounted to $0.4 per unit, growing by 6.5% against the previous year.

This report provides an in-depth analysis of the needles and catheters market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 32501317 - Needles, catheters, cannulae and the like used in medical, s urgical, dental or veterinary sciences (excluding tubular metal needles and needles for sutures)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023