Europe: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Europe

The Europe pharmaceutical rubber articles market fell to $X in 2021, dropping by -9.8% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Pharmaceutical Rubber Articles Production in Europe

In value terms, pharmaceutical rubber articles production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 13% against the previous year. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the immediate term.

Pharmaceutical Rubber Articles Exports

Exports in Europe

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber decreased by -40.8% to X units, falling for the second year in a row after four years of growth. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 112%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports rose markedly to $X in 2021. Overall, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France represented the main exporter of hygienic or pharmaceutical articles of rubber in Europe, with the volume of exports reaching X units, which was approx. 40% of total exports in 2021. Belgium (X units) took an 8% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.6%), Ireland (5.9%), Italy (5.5%) and the Netherlands (4.9%). Ukraine (X units), Slovakia (X units), Poland (X units), the UK (X units), Switzerland (X units), Spain (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to pharmaceutical rubber articles exports from France stood at +2.1%. At the same time, Romania (+96.1%), Ireland (+50.0%), Poland (+6.9%) and Slovakia (+6.8%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of +96.1% from 2012-2021. The Netherlands and the UK experienced a relatively flat trend pattern. By contrast, Switzerland (-5.5%), Ukraine (-6.5%), Spain (-9.3%), Germany (-10.8%), Italy (-21.1%) and Belgium (-24.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France, Ireland, the Netherlands, Slovakia, Poland, Romania and the UK increased by +26, +5.8, +3, +2.4, +2, +1.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest pharmaceutical rubber articles supplier in Europe, comprising 42% of total exports. The second position in the ranking was held by Ireland ($X), with a 12% share of total exports. It was followed by Germany, with an 8.5% 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 Europe amounted to $X per unit, surging by 81% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 103% against the previous year. Over the period under review, the export prices hit record highs 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 Ireland ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.2%), while the other leaders experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports in Europe

In 2021, imports of hygienic or pharmaceutical articles of rubber in Europe declined notably to X units, which is down by -66.9% on 2020. In general, imports recorded a noticeable descent. The growth pace was the most rapid in 2020 with an increase of 233% against the previous year. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, pharmaceutical rubber articles imports declined significantly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 167%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

The UK (X units) and Austria (X units) represented roughly 34% of total imports in 2021. Hungary (X units) held the next position in the ranking, followed by Germany (X units), the Netherlands (X units), France (X units), Italy (X units) and Spain (X units). All these countries together held near 38% share of total imports. Portugal (X units), Ireland (X units), Poland (X units), Switzerland (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the UK ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for 37% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +10.4%, saw 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 Europe amounted to $X per unit, growing by 51% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform