Australia and Oceania: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Australia and Oceania

The pharmaceutical rubber articles market in Australia and Oceania stood at $X in 2021, increasing by 7.9% against the previous year. Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Pharmaceutical Rubber Articles Production in Australia and Oceania

In value terms, pharmaceutical rubber articles production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports in Australia and Oceania

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber increased by 12% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 235%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports surged to $X in 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 157%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

New Zealand was the key exporting country with an export of around X units, which accounted for 79% of total exports. It was distantly followed by Australia (X units), constituting a 20% share of total exports.

New Zealand was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber exports, with a CAGR of +23.2% from 2012 to 2021. At the same time, Australia (+17.7%) displayed positive paces of growth. While the share of New Zealand (+7.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-7.3 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest pharmaceutical rubber articles supplier in Australia and Oceania, comprising 80% of total exports. The second position in the ranking was taken by Australia ($X), with a 20% share of total exports.

In New Zealand, pharmaceutical rubber articles exports increased at an average annual rate of +21.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, picking up by 42% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-1.1%).

Pharmaceutical Rubber Articles Imports

Imports in Australia and Oceania

Pharmaceutical rubber articles imports expanded to X units in 2021, surging by 2.4% against 2020. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 7.8%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports expanded notably to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Australia (X units) was the key importer of hygienic or pharmaceutical articles of rubber, generating 63% of total imports. It was distantly followed by New Zealand (X units), comprising a 31% share of total imports. Fiji (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pharmaceutical rubber articles imports into Australia stood at -9.5%. Fiji (-3.3%) and New Zealand (-5.1%) illustrated a downward trend over the same period. New Zealand (+7.7 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +1.5%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+3.1% per year) and Fiji (-1.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, with an increase of 9.3% against the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 57%. The level of import peaked in 2021 and is expected to retain growth in the near future.

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 New Zealand ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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