Latin America and the Caribbean: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Latin America and the Caribbean

In 2023, after two years of decline, there was significant growth in the Latin American needles, catheters, cannulae market, when its value increased by X% to $X. In general, consumption recorded a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Needles, Catheters, Cannulae Production in Latin America and the Caribbean

In value terms, needles, catheters, cannulae production shrank modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a sharp setback. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports in Latin America and the Caribbean

Needles, catheters, cannulae exports reached X units in 2023, therefore, remained relatively stable against the year before. Total exports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports shrank modestly to $X in 2023. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then dropped slightly in the following year.

Exports by Country

In 2023, Mexico (X units) represented the key exporter of needles, catheters, cannulae, making up X% of total exports. It was distantly followed by Costa Rica (X units), creating a X% share of total exports. Brazil (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Costa Rica experienced a relatively flat trend pattern. Mexico (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Costa Rica saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Mexico ($X) remains the largest needles, catheters, cannulae supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Costa Rica (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced mixed trends in the export price figures.

Needles, Catheters, Cannulae Imports

Imports in Latin America and the Caribbean

In 2023, imports of needles, catheters, cannulae in Latin America and the Caribbean shrank to X units, declining by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2022, and then reduced in the following year.

In value terms, needles, catheters, cannulae imports expanded modestly to $X in 2023. Total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

Imports by Country

Mexico (X units) and Brazil (X units) represented roughly X% of total imports in 2023. It was distantly followed by Colombia (X units), Costa Rica (X units) and Peru (X units), together creating an X% share of total imports. Chile (X units), Ecuador (X units), Argentina (X units), the Dominican Republic (X units), Guatemala (X units) and Nicaragua (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported needles, catheters, cannulae in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Costa Rica, with an X% share.

In Mexico, needles, catheters, cannulae imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Costa Rica ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform