In 2023, Belgium led the global export of tubular metal needles and needles for sutures with a market share of 14.63%, followed closely by the United States at 13.05%. Notable year-on-year growth was registered by New Zealand at 9.47%, Lebanon at 13.69%, and Armenia at 15.11%. Key exporters such as Costa Rica and Ireland saw significant increases with annual variations of 6.39% and 6.2%, respectively. Conversely, countries like Hungary, Greece, and Cyprus experienced declines, with Hungary notably dropping by 30.21%.
Future trends to watch include potential expansions in Asian markets such as India and China due to rising medical needs and advancements in suture technology. Additionally, Europe's stringent regulations could impact the growth and export dynamics of the region's key players.
Top countries in Export of Tubular Metal Needles and Needles for Sutures Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 14.63 | 2023 | +4.31% | +4.49% | View data |
| 2 | 2 United States | 13.05 | 2023 | +2.43% | +2.71% | View data |
| 3 | 3 Mexico | 9.63 | 2023 | +3.17% | +2.49% | View data |
| 4 | 4 China | 9.43 | 2023 | +3.75% | +3.67% | View data |
| 5 | 5 Germany | 7.02 | 2023 | +3.26% | +2.33% | View data |
| 6 | 6 Japan | 6.84 | 2023 | +0.83% | +1.46% | View data |
| 7 | 7 Ireland | 4.66 | 2023 | +1.86% | +6.2% | View data |
| 8 | 8 South Korea | 4.09 | 2023 | +4.01% | +4.8% | View data |
| 9 | 9 Denmark | 3.98 | 2023 | +1.58% | +0.56% | View data |
| 10 | 10 Singapore | 3.79 | 2023 | +3.99% | +3.42% | View data |
