Malaysia: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Malaysia

In 2023, the Malaysian needles, catheters, cannulae market decreased by X% to less than $X, falling for the fifth consecutive year after three years of growth. Over the period under review, consumption faced a sharp descent. Needles, catheters, cannulae consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Needles, Catheters, Cannulae Production in Malaysia

In value terms, needles, catheters, cannulae production stood at less than $X in 2023 estimated in export price. In general, production saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Needles, catheters, cannulae production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Needles, Catheters, Cannulae Exports

Exports from Malaysia

After five years of growth, overseas shipments of needles, catheters, cannulae decreased by X% to X units in 2023. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2022, and then declined in the following year.

In value terms, needles, catheters, cannulae exports dropped slightly to $X in 2023. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The United States (X units), Japan (X units) and China (X units) were the main destinations of needles, catheters, cannulae exports from Malaysia, together comprising X% of total exports. Germany, Thailand, Indonesia, Australia, the Philippines, Singapore, the UK, India and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needles, catheters, cannulae exported from Malaysia were Germany ($X), the United States ($X) and China ($X), together accounting for X% of total exports. Japan, Singapore, India, Taiwan (Chinese), the Philippines, Australia, the UK, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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, catheters, cannulae export price stood at $X per unit in 2023, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

Needles, Catheters, Cannulae Imports

Imports into Malaysia

In 2023, overseas purchases of needles, catheters, cannulae increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, needles, catheters, cannulae imports amounted to $X in 2023. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked in 2023 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X units), Singapore (X units) and the United States (X units) were the main suppliers of needles, catheters, cannulae imports to Malaysia, with a combined X% share of total imports. China, Japan, Vietnam, Thailand, the UK, Costa Rica, Taiwan (Chinese), Ireland, Mexico and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, Singapore ($X), the United States ($X) and China ($X) were the largest needles, catheters, cannulae suppliers to Malaysia, with a combined X% share of total imports. Germany, Ireland, Japan, Vietnam, Costa Rica, Mexico, the UK, Taiwan (Chinese), Thailand and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average needles, catheters, cannulae import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for Thailand ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform