Denmark: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Denmark

The Danish pharmaceutical rubber articles market shrank to $X in 2021, with a decrease of -13% against the previous year. In general, consumption recorded a slight decrease. Pharmaceutical rubber articles consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Production in Denmark

In value terms, pharmaceutical rubber articles production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Denmark

After four years of growth, overseas shipments of hygienic or pharmaceutical articles of rubber decreased by -3.8% to X units in 2021. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 144%. The exports peaked at X units in 2020, and then shrank modestly in the following year.

In value terms, pharmaceutical rubber articles exports shrank to $X in 2021. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 208%. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped in the following year.

Exports by Country

Australia (X units), Norway (X units) and Canada (X units) were the main destinations of pharmaceutical rubber articles exports from Denmark, with a combined 35% share of total exports. These countries were followed by the United States, the UK, Belgium, China, Mexico, Sweden, South Korea, Singapore, New Zealand and Vietnam, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +3,683.0%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Canada ($X) were the largest markets for pharmaceutical rubber articles exported from Denmark worldwide, together comprising 44% of total exports. These countries were followed by the UK, Belgium, China, South Korea, Norway, New Zealand, Singapore, Vietnam, Sweden and Mexico, which together accounted for a further 36%.

Vietnam, with a CAGR of +7,081.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 -5% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 90% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Mexico ($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 Vietnam (+90.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Denmark

In 2021, imports of hygienic or pharmaceutical articles of rubber into Denmark skyrocketed to X units, growing by 20% compared with 2020. Overall, imports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when imports increased by 49% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports reduced rapidly to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Slovakia (X units), Thailand (X units) and Sweden (X units) were the main suppliers of pharmaceutical rubber articles imports to Denmark, with a combined 62% share of total imports. China, Belgium, Germany, the Netherlands, Malaysia and France lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +55.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Denmark, comprising 55% of total imports. The second position in the ranking was held by Slovakia ($X), with a 15% share of total imports. It was followed by Thailand, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+9.5% per year) and Thailand (+21.5% per year).

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, reducing by -52.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 62%. The import price peaked at $X per unit in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of origin: 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 Malaysia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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