Sri Lanka: Needles, Catheters, Cannulae Market 2022

Needles, Catheters, Cannulae Market Size in Sri Lanka

In 2021, the Sri Lankan needles, catheters, cannulae market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Needles, Catheters, Cannulae Production in Sri Lanka

In value terms, needles, catheters, cannulae production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Needles, catheters, cannulae production peaked at $X in 2020, and then contracted modestly in the following year.

Needles, Catheters, Cannulae Exports

Exports from Sri Lanka

Needles, catheters, cannulae exports from Sri Lanka fell remarkably to X units in 2021, reducing by -X% on the year before. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, needles, catheters, cannulae exports declined notably to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for needles, catheters, cannulae exports from Sri Lanka, accounting for a X% share of total exports. Moreover, needles, catheters, cannulae exports to the United States exceeded the volume sent to the second major destination, Malaysia (X units), eightfold. The third position in this ranking was occupied by Maldives (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Maldives (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-X% per year) and India (-X% per year).

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to less than $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Maldives ($X per unit), while the average price for exports to Malaysia (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+X%), while the prices for the other major destinations experienced a decline.

Needles, Catheters, Cannulae Imports

Imports into Sri Lanka

In 2021, supplies from abroad of needles, catheters, cannulae was finally on the rise to reach X units after two years of decline. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth imports failed to regain momentum.

In value terms, needles, catheters, cannulae imports expanded rapidly to $X in 2021. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of needles, catheters, cannulae to Sri Lanka, with a X% share of total imports. Moreover, needles, catheters, cannulae imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and China (+X% per year).

In value terms, India ($X) constituted the largest supplier of needles, catheters, cannulae to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, falling by -X% against the previous year. In general, the import price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform