Sri Lanka: Needles And Catheters Market 2021

Needles And Catheters Market Size in Sri Lanka

The Sri Lankan needles and catheters market rose remarkably 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). Overall, consumption saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Needles And Catheters Exports

Exports from Sri Lanka

In 2019, after four years of growth, there was significant decline in shipments abroad of needles, catheters, cannulae for medicine, when their volume decreased by -X% to X units. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, needles and catheters exports declined remarkably to $X in 2019. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Maldives (X units) was the main destination for needles and catheters exports from Sri Lanka, accounting for a X% share of total exports. Moreover, needles and catheters exports to Maldives exceeded the volume sent to the second major destination, India (X units), ninefold.

From 2007 to 2019, the average annual growth rate of volume to Maldives totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the U.S. (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to Maldives stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2019, the average needles and catheters export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

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

Needles And Catheters Imports

Imports into Sri Lanka

In 2019, the amount of needles, catheters, cannulae for medicine imported into Sri Lanka stood at X units, surging by X% against the previous year. Over the period under review, imports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of X units. From 2018 to 2019, the growth imports failed to regain the momentum.

In value terms, needles and catheters imports soared to $X in 2019. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, India (X units) constituted the largest supplier of needles and catheters to Sri Lanka, with a X% share of total imports. Moreover, needles and catheters imports from India exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was occupied by Malaysia (X units), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Malaysia (+X% per year).

In value terms, the largest needles and catheters suppliers to Sri Lanka were India ($X), China ($X) and Thailand ($X), with a combined X% share of total imports.

Thailand recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average needles and catheters import price amounted to $X per unit, surging by X% against the previous year. In general, the import price showed prominent growth. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. The import price peaked at $X per unit in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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