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Puerto Rico - Needles, Catheters, Cannulae - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Needles, Catheters, Cannulae Market 2024
Needles, Catheters, Cannulae Market Size in Puerto Rico
In 2021, the Puerto Rican needles, catheters, cannulae market decreased by -3.1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.
Needles, Catheters, Cannulae Production in Puerto Rico
In value terms, needles, catheters, cannulae production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 35% against the previous year. Puerto Rico production peaked at $X in 2020, and then shrank in the following year.
Needles, Catheters, Cannulae Exports
Exports from Puerto Rico
In 2021, needles, catheters, cannulae exports from Puerto Rico was estimated at less than X units, remaining stable against the previous year. Over the period under review, exports showed a relatively flat trend pattern.
In value terms, needles, catheters, cannulae exports amounted to less than $X in 2021. In general, exports saw a relatively flat trend pattern.
Exports by Country
China represented the main exporter of needles, catheters, cannulae in the world, with the volume of exports amounting to X units, which was approx. 29% of total exports in 2021. Mexico (X units) took a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (5.8%), Germany (5.4%), the Netherlands (5.3%), the United States (5%) and Thailand (5%). Ireland (X units), Costa Rica (X units), Austria (X units), Hungary (X units), Poland (X units) and France (X units) followed a long way behind the leaders.
From 2012 to 2021, average annual rates of growth with regard to needles, catheters, cannulae exports from China stood at -3.8%. At the same time, the United States (+32.9%), Thailand (+29.5%), Austria (+24.2%), Hungary (+13.8%), the Netherlands (+8.4%), Mexico (+8.1%), Poland (+6.7%), Germany (+6.2%), France (+2.3%) and Ireland (+1.8%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.9% from 2012-2021. Costa Rica and Belgium experienced a relatively flat trend pattern. While the share of the United States (+4.6 p.p.), Thailand (+4.4 p.p.), Mexico (+3.9 p.p.), Austria (+2.4 p.p.), the Netherlands (+2.3 p.p.), Germany (+1.7 p.p.) and Hungary (+1.5 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-1.6 p.p.) and China (-18.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($X), the Netherlands ($X) and Mexico ($X) were the countries with the highest levels of exports in 2021, with a combined 44% share of total exports. Ireland, China, Germany, Belgium, Costa Rica, France, Thailand, Hungary, Austria and Poland lagged somewhat behind, together comprising a further 39%.
Austria, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The export price in Puerto Rico stood at less than $X per thousand units in 2021, standing approx. at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per thousand units), while Thailand ($X per thousand units) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+11.3%), while the other leaders experienced more modest paces of growth.
Needles, Catheters, Cannulae Imports
Imports into Puerto Rico
Needles, catheters, cannulae imports into Puerto Rico stood at less than X units in 2021, approximately reflecting 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern.
In value terms, needles, catheters, cannulae imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.
Imports by Country
In 2021, the United States (X units), followed by China (X units), Germany (X units), the Netherlands (X units) and Japan (X units) represented the largest importers of needles, catheters, cannulae, together creating 41% of total imports. The following importers - France (X units), the UK (X units), Mexico (X units), Belgium (X units), South Korea (X units), Italy (X units), Canada (X units) and Brazil (X units) - together made up 26% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the UK (with a CAGR of +10.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest needles, catheters, cannulae importing markets into Puerto Rico were the United States ($X), China ($X) and the Netherlands ($X), with a combined 45% share of total imports.
In terms of the main importing countries, China, with a CAGR of +12.4%, saw the highest growth rate of 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 2021, the import price in Puerto Rico amounted to less than $X per thousand units, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per thousand units), while Brazil ($X per thousand units) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the needles, catheters, cannulae market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32501313 - Tubular metal needles, for medical, surgical, dental or veterinary sciences
- Prodcom 32501315 - Needles for sutures used in medical, surgical, dental or veterinary sciences
- Prodcom 32501317 - Needles, catheters, cannulae and the like used in medical, s urgical, dental or veterinary sciences (excluding tubular metal needles and needles for sutures)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Puerto Rico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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