EU: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in the EU

For the third consecutive year, the EU pharmaceutical rubber articles market recorded growth in sales value, which increased by 13% to $X in 2021. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Pharmaceutical Rubber Articles Production in the EU

In value terms, pharmaceutical rubber articles production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 12% against the previous year. The level of production peaked in 2021 and is likely to see gradual growth in the near future.

Pharmaceutical Rubber Articles Exports

Exports in the EU

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber decreased by -41.8% to X units, falling for the second year in a row after four years of growth. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports expanded remarkably to $X in 2021. Over the period under review, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France represented the largest exporter of hygienic or pharmaceutical articles of rubber in the European Union, with the volume of exports accounting for X units, which was near 44% of total exports in 2021. Belgium (X units) held the second position in the ranking, followed by Germany (X units), Ireland (X units), Italy (X units) and the Netherlands (X units). All these countries together held approx. 34% share of total exports. Slovakia (X units), Poland (X units), Spain (X units), Romania (X units), Sweden (X units) and Denmark (X units) followed a long way behind the leaders.

Exports from France increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Romania (+96.1%), Ireland (+50.0%), Denmark (+25.7%), Poland (+6.9%) and Slovakia (+6.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +96.1% from 2012-2021. The Netherlands and Sweden experienced a relatively flat trend pattern. By contrast, Spain (-9.3%), Germany (-10.8%), Italy (-21.1%) and Belgium (-24.7%) illustrated a downward trend over the same period. France (+30 p.p.), Ireland (+6.5 p.p.), the Netherlands (+3.5 p.p.), Slovakia (+2.7 p.p.), Poland (+2.3 p.p.) and Romania (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Italy and Belgium saw its share reduced by -14.1% and -36.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest pharmaceutical rubber articles supplier in the European Union, comprising 46% of total exports. The second position in the ranking was held by Ireland ($X), with a 13% share of total exports. It was followed by Germany, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in France stood at +4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Ireland (+45.6% per year) and Germany (-12.6% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, growing by 87% against the previous year. In general, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 116%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.3%), while the other leaders experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports in the EU

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported in the European Union rose to X units, with an increase of 2.6% on the year before. Over the period under review, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 7.9% against the previous year. The volume of import 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 reached $X in 2021. Overall, imports, however, continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Austria (X units), distantly followed by Hungary (X units), Germany (X units), the Netherlands (X units), France (X units), Italy (X units), Spain (X units), Portugal (X units) and Ireland (X units) represented the key importers of hygienic or pharmaceutical articles of rubber, together mixing up 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland (with a CAGR of +5.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together accounting for 45% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +10.4%, recorded the highest rates of growth with regard to 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 import price in the European Union amounted to $X per unit, increasing by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2013 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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 Netherlands ($X per unit), while Spain ($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 Netherlands (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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