Belgium: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Belgium

In 2021, the Belgian pharmaceutical rubber articles market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pharmaceutical Rubber Articles Production in Belgium

In value terms, pharmaceutical rubber articles production skyrocketed to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 295% against the previous year. Pharmaceutical rubber articles production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Belgium

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber decreased by -86.3% to X units, falling for the second consecutive year after four years of growth. Overall, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 668%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports shrank to $X in 2021. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 148% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for pharmaceutical rubber articles exports from Belgium, accounting for a 44% share of total exports. Moreover, pharmaceutical rubber articles exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Germany (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-14.0% per year) and Germany (-18.3% per year).

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest markets for pharmaceutical rubber articles exported from Belgium worldwide, together accounting for 54% of total exports. These countries were followed by Italy, Sweden, Denmark, Switzerland, Spain, Poland, Austria, Finland and the Czech Republic, which together accounted for a further 32%.

In terms of the main countries of destination, Denmark, with a CAGR of +13.6%, 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 mixed trend patterns.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, rising by 556% against the previous year. Overall, the export price recorded strong growth. The growth pace was the most rapid in 2020 when the average export price increased by 631%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to France ($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 France (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Belgium

In 2021, purchases abroad of hygienic or pharmaceutical articles of rubber decreased by -5.8% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 150% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports stood at $X in 2021. In general, imports, however, posted moderate growth. The pace of growth was the most pronounced in 2013 with an increase of 137%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), Switzerland (X units) and China (X units) were the main suppliers of pharmaceutical rubber articles imports to Belgium, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Denmark ($X) were the largest pharmaceutical rubber articles suppliers to Belgium, with a combined 67% share of total imports.

The United States, with a CAGR of +46.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, with an increase of 10% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 217%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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