Australia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Australia

The Australian pharmaceutical rubber articles market expanded rapidly to $X in 2021, picking up by 6.2% 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 continues to indicate a perceptible curtailment. Pharmaceutical rubber articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Australia

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 309% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports soared to $X in 2021. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 137%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for pharmaceutical rubber articles exports from Australia, accounting for a 29% share of total exports. Moreover, pharmaceutical rubber articles exports to New Zealand exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+59.3% per year) and Hong Kong SAR (+44.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Australia, comprising 29% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Hong Kong SAR, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+68.2% per year) and Hong Kong SAR (+13.7% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, which is down by -3.5% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of 69% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Mauritius ($X per unit) and Tanzania ($X per unit), while the average price for exports to Malaysia ($X per unit) and New Zealand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Australia

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported into Australia amounted to X units, approximately equating the year before. Overall, imports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by 7.8% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports stood at $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 decreased by -8.1% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 33% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Denmark (X units) and the United States (X units) were the main suppliers of pharmaceutical rubber articles imports to Australia, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +129.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles suppliers to Australia were China ($X), Denmark ($X) and the United States ($X), with a combined 77% share of total imports.

Denmark, with a CAGR of +110.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, picking up by 11% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 73%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Denmark ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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