Latin America and the Caribbean: Needles And Catheters Market 2021

Needles And Catheters Market Size in Latin America and the Caribbean

In 2019, the Latin American needles and catheters market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market remained at a lower figure.

Needles And Catheters Production in Latin America and the Caribbean

In value terms, needles and catheters production declined modestly to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

Mexico (X units) constituted the country with the largest volume of needles and catheters production, accounting for X% of total volume. Moreover, needles and catheters production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (X units), more than tenfold.

In Mexico, needles and catheters production remained relatively stable over the period from 2007-2019.

Needles And Catheters Exports

Exports in Latin America and the Caribbean

In 2019, approx. X units of needles, catheters, cannulae for medicine were exported in Latin America and the Caribbean; reducing by -X% compared with 2018 figures. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, needles and catheters exports shrank to $X in 2019. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. The level of export peaked at $X in 2018, and then contracted slightly in the following year.

Exports by Country

Mexico represented the key exporter of needles, catheters, cannulae for medicine in Latin America and the Caribbean, with the volume of exports amounting to X units, which was approx. X% of total exports in 2019. It was distantly followed by Brazil (X units), comprising a X% share of total exports. The following exporters - Costa Rica (X units) and Colombia (X units) - together made up X% of total exports.

Mexico experienced a relatively flat trend pattern with regard to volume of exports of needles, catheters, cannulae for medicine. At the same time, Brazil (+X%) and Colombia (+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 2007-2019. By contrast, Costa Rica (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), Brazil (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the total exports, while Costa Rica saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, the largest needles and catheters supplying countries in Latin America and the Caribbean were Mexico ($X), Costa Rica ($X) and Brazil ($X), together accounting for X% of total exports.

Costa Rica 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 needles and catheters export price in Latin America and the Caribbean stood at $X per unit in 2019, surging by X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Costa Rica ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Costa Rica (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Needles And Catheters Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of needles, catheters, cannulae for medicine, which increased by X% to X units in 2019. In general, imports recorded significant growth. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of X units. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, needles and catheters imports totaled $X in 2019. Total imports indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in years to come.

Imports by Country

El Salvador dominates needles and catheters imports structure, reaching X units, which was approx. X% of total imports in 2019. It was distantly followed by Brazil (X units), generating a X% share of total imports.

El Salvador was also the fastest-growing in terms of the needles, catheters, cannulae for medicine imports, with a CAGR of +X% from 2007 to 2019. At the same time, Brazil (+X%) displayed positive paces of growth. El Salvador (+X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -X% from 2007 to 2019, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported needles, catheters, cannulae for medicine in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by El Salvador ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in Brazil amounted to +X%.

Import Prices by Country

The needles and catheters import price in Latin America and the Caribbean stood at $X per unit in 2019, dropping by -X% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure at $X per unit in 2009; however, from 2010 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Brazil ($X per unit), while El Salvador totaled $X per unit.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil.

Source: IndexBox Platform

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