Chile: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Chile

The Chilean pharmaceutical rubber articles market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pharmaceutical Rubber Articles Exports

Exports from Chile

In 2021, pharmaceutical rubber articles exports from Chile was estimated at X units, standing approx. at the previous year. In general, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2013 when exports increased by 321% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 115% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for pharmaceutical rubber articles exports from Chile, accounting for a 69% share of total exports. Moreover, pharmaceutical rubber articles exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+13.6% per year) and Peru (-9.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Chile, comprising 68% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bolivia amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+14.6% per year) and Peru (+0.5% per year).

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, increasing by 60% against the previous year. Overall, the export price, however, saw a pronounced reduction. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Bolivia ($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 Peru (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Chile

In 2021, purchases abroad of hygienic or pharmaceutical articles of rubber was finally on the rise to reach X units after two years of decline. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 138% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles imports surged to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main pharmaceutical rubber articles supplier to Chile, accounting for a 91% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.2% per year) and Malaysia (+36.0% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Chile, comprising 65% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 8.3% share of total imports. It was followed by Italy, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+36.3% per year) and Italy (+37.4% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, dropping by -16% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 11%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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 the UK ($X per unit), while the price for China ($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 UK (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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