Sri Lanka: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Sri Lanka

In 2022, the Sri Lankan needles, catheters, cannulae market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Needles, Catheters, Cannulae Production in Sri Lanka

In value terms, needles, catheters, cannulae production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Needles, Catheters, Cannulae Exports

Exports from Sri Lanka

In 2022, shipments abroad of needles, catheters, cannulae increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a deep slump. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, needles, catheters, cannulae exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for needles, catheters, cannulae exports from Sri Lanka, with a X% share of total exports. Moreover, needles, catheters, cannulae exports to Singapore exceeded the volume sent to the second major destination, Maldives (X units), fivefold. Seychelles (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 Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Seychelles (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for needles, catheters, cannulae exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

The average needles, catheters, cannulae export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed a mild expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Seychelles ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Sri Lanka

In 2022, overseas purchases of needles, catheters, cannulae decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, imports recorded a mild reduction. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports shrank notably to $X in 2022. In general, imports, however, saw noticeable growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the UK (X units) and Thailand (X units) were the main suppliers of needles, catheters, cannulae imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average needles, catheters, cannulae import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price 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, needles, catheters, cannulae import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, 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

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