Croatia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Croatia

The Croatian pharmaceutical rubber articles market reduced to $X in 2021, falling by -5.7% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Pharmaceutical Rubber Articles Production in Croatia

In value terms, pharmaceutical rubber articles production expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Croatia

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Luxembourg (X units), Slovenia (X units) and Austria (X units) were the main destinations of pharmaceutical rubber articles exports from Croatia, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +160.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pharmaceutical rubber articles exported from Croatia were Luxembourg ($X), Slovenia ($X) and Austria ($X), together comprising 90% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +160.4%, recorded the highest growth rate of 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

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, with a decrease of -67.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 336%. As a result, the export price attained the peak level of $X per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Luxembourg ($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 Bosnia and Herzegovina (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Rubber Articles Imports

Imports into Croatia

In 2021, after three years of growth, there was significant decline in overseas purchases of hygienic or pharmaceutical articles of rubber, when their volume decreased by -39% to X units. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then dropped sharply in the following year.

In value terms, pharmaceutical rubber articles imports shrank sharply to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 31%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), Hungary (X units) and Belgium (X units) were the main suppliers of pharmaceutical rubber articles imports to Croatia, together accounting for 60% of total imports. China, Sweden, Slovenia, Italy, Spain and France lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +136.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Slovenia ($X) constituted the largest pharmaceutical rubber articles suppliers to Croatia, together comprising 69% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +160.8%, recorded the highest growth rate of the value of imports, 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, surging by 10% against the previous year. Over the period under review, the import price, however, showed a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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