Brazil: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Brazil

The Brazilian pharmaceutical rubber articles market dropped to $X in 2021, with a decrease of -5.6% against the previous year. Overall, consumption showed a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in Brazil

In value terms, pharmaceutical rubber articles production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Brazil

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported from Brazil contracted sharply to X units, which is down by -50.4% on the year before. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports reduced markedly to $X in 2021. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 115% 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 failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for pharmaceutical rubber articles exports from Brazil, accounting for a 57% share of total exports. Moreover, pharmaceutical rubber articles exports to Argentina exceeded the volume sent to the second major destination, Singapore (X units), threefold. Israel (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+22.4% per year) and Israel (-7.3% per year).

In value terms, Argentina ($X), Singapore ($X) and Israel ($X) constituted the largest markets for pharmaceutical rubber articles exported from Brazil worldwide, together accounting for 88% of total exports.

Among the main countries of destination, Singapore, with a CAGR of +43.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, growing by 6.1% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Paraguay ($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 Singapore (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Brazil

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were imported into Brazil; surging by 6.2% against the year before. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% 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 -1.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 28%. Imports peaked at X units in 2019; afterwards, it flattened through to 2021.

In value terms, pharmaceutical rubber articles imports expanded to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), France (X units) and the United States (X units) were the main suppliers of pharmaceutical rubber articles imports to Brazil, together accounting for 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +60.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Brazil, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Germany (-30.2% per year).

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, with a decrease of -1.6% against the previous year. Over the period under review, the import price showed a slight decrease. The growth pace was the most rapid in 2015 an increase of 30% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :