Austria: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Austria

The Austrian pharmaceutical rubber articles market soared to $X in 2021, jumping by 93% 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 posted temperate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pharmaceutical Rubber Articles Exports

Exports from Austria

In 2021, after two years of growth, there was significant decline in overseas shipments of hygienic or pharmaceutical articles of rubber, when their volume decreased by -91.8% to X units. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 1,572% against the previous year. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, pharmaceutical rubber articles exports dropped significantly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 890% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Germany (X units), Switzerland (X units) and Slovenia (X units) were the main destinations of pharmaceutical rubber articles exports from Austria, with a combined 64% share of total exports. These countries were followed by Slovakia, Italy, the UK, Greece, Hungary, the Netherlands, Sweden, Romania, the Czech Republic and the United States, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +41.4%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and the Netherlands ($X) were the largest markets for pharmaceutical rubber articles exported from Austria worldwide, together comprising 76% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +72.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, picking up by 131% against the previous year. Over the period under review, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Austria

Pharmaceutical rubber articles imports into Austria surged to X units in 2021, increasing by 50% on the previous year's figure. Over the period under review, imports continue to indicate a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles imports surged to $X in 2021. In general, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Italy (X units) and Slovenia (X units) were the main suppliers of pharmaceutical rubber articles imports to Austria, with a combined 74% share of total imports. France, Portugal, Belgium, China and Switzerland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +315.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) constituted the largest pharmaceutical rubber articles suppliers to Austria, with a combined 70% share of total imports.

Portugal, with a CAGR of +338.1%, recorded the highest growth rate of 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, declining by -4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 when the average import price increased by 53% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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