Central Asia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Central Asia

The Central Asian pharmaceutical rubber articles market declined to $X in 2021, reducing by -9.4% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Pharmaceutical Rubber Articles Production in Central Asia

In value terms, pharmaceutical rubber articles production fell to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 46% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Pharmaceutical Rubber Articles Exports

Exports in Central Asia

Pharmaceutical rubber articles exports reached X units in 2021, increasing by 1.5% against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 102%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports totaled $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.2% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 101% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Tajikistan (X units), together recording 99% of total export.

Tajikistan experienced a relatively flat trend pattern with regard to volume of exports of hygienic or pharmaceutical articles of rubber. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) also remains the largest pharmaceutical rubber articles supplier in Central Asia.

In Tajikistan, pharmaceutical rubber articles exports expanded at an average annual rate of +9.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per unit, approximately equating the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by 39%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Tajikistan.

From 2012 to 2021, the rate of growth in terms of prices for Tajikistan amounted to +9.0% per year.

Pharmaceutical Rubber Articles Imports

Imports in Central Asia

In 2021, supplies from abroad of hygienic or pharmaceutical articles of rubber decreased by -6.3% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of 593% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports declined modestly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 209%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan was the largest importer of hygienic or pharmaceutical articles of rubber in Central Asia, with the volume of imports recording X units, which was approx. 62% of total imports in 2021. Uzbekistan (X units) held the second position in the ranking, followed by Tajikistan (X units) and Kyrgyzstan (X units). All these countries together took approx. 35% share of total imports. Mongolia (X units) took a minor share of total imports.

Imports into Kazakhstan increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, Tajikistan (+22.3%), Mongolia (+8.3%) and Kyrgyzstan (+4.2%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +22.3% from 2012-2021. By contrast, Uzbekistan (-11.5%) illustrated a downward trend over the same period. While the share of Uzbekistan (+13 p.p.) and Tajikistan (+8.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kyrgyzstan (-2.5 p.p.) and Kazakhstan (-13.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Central Asia, comprising 74% of total imports. The second position in the ranking was held by Tajikistan ($X), with a 9% share of total imports. It was followed by Kyrgyzstan, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +1.8%. The remaining importing countries recorded the following average annual rates of imports growth: Tajikistan (+25.8% per year) and Kyrgyzstan (-2.7% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per unit, surging by 1.9% against the previous year. In general, the import price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 73% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 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 Mongolia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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