Needle And Catheter Market Overview in Estonia
In value terms, needle and catheter production shrank slightly to $ in 2019 estimated in export prices. In general, the total production indicated a pronounced expansion from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2017 indices. The growth pace was the most rapid in 2018 when the production volume increased by % y-o-y. As a result, production reached the peak level of $, and then shrank modestly in the following year.
The value of the needle and catheter market in Estonia shrank to $ in 2019, which is down by -% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.