China: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in China

The Chinese pharmaceutical rubber articles market reduced to $X in 2021, which is down by -5.5% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Pharmaceutical Rubber Articles Production in China

In value terms, pharmaceutical rubber articles production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 +2.3% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 59% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from China

Pharmaceutical rubber articles exports from China surged to X units in 2021, growing by 26% compared with the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 137% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 99%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X units), India (X units) and Turkey (X units) were the main destinations of pharmaceutical rubber articles exports from China, with a combined 26% share of total exports. These countries were followed by Indonesia, Egypt, Germany, Pakistan, the United Arab Emirates, Malaysia, Vietnam, Italy, the United States and Bangladesh, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +75.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pharmaceutical rubber articles exported from China were the UK ($X), the United Arab Emirates ($X) and India ($X), with a combined 20% share of total exports. Indonesia, the United States, Malaysia, Germany, Turkey, Pakistan, Vietnam, Egypt, Italy and Bangladesh lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Turkey, with a CAGR of +68.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, with an increase of 8.8% against the previous year. In general, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2015 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Turkey ($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 Turkey (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into China

After two years of decline, supplies from abroad of hygienic or pharmaceutical articles of rubber increased by 4.5% to X units in 2021. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2015 with an increase of 23%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X units), Japan (X units) and the United States (X units) were the main suppliers of pharmaceutical rubber articles imports to China, together accounting for 63% of total imports. These countries were followed by the United Arab Emirates, Denmark, Thailand, Taiwan (Chinese), Germany and Singapore, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +210.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Malaysia ($X) appeared to be the largest pharmaceutical rubber articles suppliers to China, together accounting for 67% of total imports. Denmark, the United Arab Emirates, Thailand, Germany, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further 19%.

The United Arab Emirates, with a CAGR of +235.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, dropping by -11.9% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pharmaceutical rubber articles import price increased by +59.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The import price peaked at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Taiwan (Chinese) ($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 (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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