CIS: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in CIS

The CIS pharmaceutical rubber articles market reduced to $X in 2021, shrinking by -7.5% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Pharmaceutical Rubber Articles Production in CIS

In value terms, pharmaceutical rubber articles production contracted to $X in 2021 estimated in export price. The total production indicated a tangible expansion 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%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Pharmaceutical Rubber Articles Exports

Exports in CIS

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported in the CIS; standing approx. at 2020. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -8.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 70%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 +100.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 47%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Russia dominates exports structure, accounting for X units, which was near 89% of total exports in 2021. It was distantly followed by Tajikistan (X units), committing a 9.3% share of total exports.

Russia was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber exports, with a CAGR of +6.5% from 2012 to 2021. Tajikistan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Russia increased by +4.1 percentage points.

In value terms, Russia ($X) remains the largest pharmaceutical rubber articles supplier in the CIS, comprising 88% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +6.0%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, jumping by 26% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 28% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+9.0%).

Pharmaceutical Rubber Articles Imports

Imports in CIS

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were imported in the CIS; declining by -8.7% on the previous year's figure. In general, imports recorded a pronounced decline. The growth pace was the most rapid in 2015 when imports increased by 136%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports expanded notably to $X in 2021. Over the period under review, imports saw a mild setback. The most prominent rate of growth was recorded in 2015 when imports increased by 27% against the previous year. 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

Russia was the major importer of hygienic or pharmaceutical articles of rubber in the CIS, with the volume of imports reaching X units, which was approx. 44% of total imports in 2021. It was distantly followed by Kazakhstan (X units), Belarus (X units), Uzbekistan (X units), Tajikistan (X units) and Azerbaijan (X units), together making up a 49% share of total imports. Kyrgyzstan (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +22.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in the CIS, comprising 56% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 21% share of total imports. It was followed by Belarus, with a 10% share.

In Russia, pharmaceutical rubber articles imports contracted by an average annual rate of -3.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+1.8% per year) and Belarus (-1.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, surging by 23% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pharmaceutical rubber articles import price increased by +38.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 64% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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 Belarus ($X per unit), while Uzbekistan ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :