Benelux: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Benelux

In 2021, the Benelux pharmaceutical rubber articles market increased by 139% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pharmaceutical Rubber Articles Production in Benelux

In value terms, pharmaceutical rubber articles production soared to $X in 2021 estimated in export price. Overall, production recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 105% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports in Benelux

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber decreased by -80.1% to X units, falling for the second consecutive year after four years of growth. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2018 with an increase of 586% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports contracted significantly to $X in 2021. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 94%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium represented the major exporting country with an export of about X units, which finished at 62% of total exports. It was distantly followed by the Netherlands (X units), mixing up a 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +0.9%).

In value terms, Belgium ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021.

Among the main exporting countries, the Netherlands, with a CAGR of -6.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, surging by 322% against the previous year. Over the period under review, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 427%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.2%).

Pharmaceutical Rubber Articles Imports

Imports in Benelux

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were imported in Benelux; growing by 23% compared with the previous year's figure. Over the period under review, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% 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 +87.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 54%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The Netherlands was the largest importing country with an import of around X units, which reached 74% of total imports. It was distantly followed by Belgium (X units), creating a 23% share of total imports. Luxembourg (X units) held a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber imports, with a CAGR of +4.0% from 2012 to 2021. At the same time, Luxembourg (+2.6%) displayed positive paces of growth. By contrast, Belgium (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +29 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Benelux, comprising 72% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

In the Netherlands, pharmaceutical rubber articles imports increased at an average annual rate of +10.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+2.0% per year) and Luxembourg (+1.0% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, rising by 13% against the previous year. Over the period under review, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 99%. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+13.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform