Eastern Europe: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Eastern Europe

The East European pharmaceutical rubber articles market rose remarkably to $X in 2021, picking up by 7.3% against the previous year. Overall, consumption, however, showed prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Pharmaceutical Rubber Articles Production in Eastern Europe

In value terms, pharmaceutical rubber articles production soared to $X in 2021 estimated in export price. Over the period under review, production, however, posted prominent growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 86% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to continue growth in years to come.

Pharmaceutical Rubber Articles Exports

Exports in Eastern Europe

Pharmaceutical rubber articles exports rose to X units in 2021, picking up by 3.8% against the previous year. In general, exports, however, saw a mild curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 11%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports rose to $X in 2021. Overall, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 5.6% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Ukraine (X units), Slovakia (X units) and Poland (X units), together reaching 54% of total export. Romania (X units) ranks next in terms of the total exports with an 8.9% share, followed by Hungary (7.6%), Lithuania (6.9%) and the Czech Republic (6.2%). Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +96.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles supplying countries in Eastern Europe were Slovakia ($X), Hungary ($X) and Poland ($X), together comprising 55% of total exports. Lithuania, Ukraine, the Czech Republic, Romania and Russia lagged somewhat behind, together comprising a further 40%.

In terms of the main exporting countries, Romania, with a CAGR of +76.2%, saw 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 export price in Eastern Europe stood at $X per unit in 2021, approximately equating the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2020 an increase of 10%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Pharmaceutical Rubber Articles Imports

Imports in Eastern Europe

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported in Eastern Europe reduced to X units, falling by -7.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, pharmaceutical rubber articles imports totaled $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 16%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Hungary (X units) represented the key importer of hygienic or pharmaceutical articles of rubber, comprising 45% of total imports. Poland (X units) took the second position in the ranking, followed by Russia (X units), the Czech Republic (X units) and Romania (X units). All these countries together held near 41% share of total imports. The following importers - Slovakia (X units) and Latvia (X units) - each finished at a 6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pharmaceutical rubber articles imports into Hungary stood at +4.7%. At the same time, Slovakia (+9.8%), Poland (+8.8%), Romania (+5.2%), the Czech Republic (+4.9%) and Latvia (+1.2%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +9.8% from 2012-2021. By contrast, Russia (-7.9%) illustrated a downward trend over the same period. Hungary (+8.8 p.p.), Poland (+7.1 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -17.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Eastern Europe, comprising 51% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Russia, with an 8.9% share.

In Hungary, pharmaceutical rubber articles imports expanded at an average annual rate of +4.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+6.5% per year) and Russia (-3.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, rising by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, import price reached the peak level and is likely to continue 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 the Czech Republic ($X per unit), while Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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