Finland: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Finland

The Finnish pharmaceutical rubber articles market soared to $X in 2021, jumping by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +22.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Pharmaceutical Rubber Articles Exports

Exports from Finland

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber increased by 87% to X units, rising for the second consecutive year after two years of decline. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 457%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports surged to $X in 2021. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 675% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Estonia (X units), Sweden (X units) and Hong Kong SAR (X units) were the main destinations of pharmaceutical rubber articles exports from Finland, together comprising 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +67.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pharmaceutical rubber articles exported from Finland were Estonia ($X), Sweden ($X) and Norway ($X), with a combined 87% share of total exports.

Among the main countries of destination, Estonia, with a CAGR of +76.1%, saw 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

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, waning by -18.3% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 91%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to China ($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 Estonia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Finland

In 2021, supplies from abroad of hygienic or pharmaceutical articles of rubber was finally on the rise to reach X units after three years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 52%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports rose notably to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 48% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Sweden (X units), Denmark (X units) and Germany (X units) were the main suppliers of pharmaceutical rubber articles imports to Finland, with a combined 69% share of total imports. These countries were followed by Austria, Belgium, China, France, Italy and the Netherlands, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles suppliers to Finland were Denmark ($X), Sweden ($X) and Germany ($X), together comprising 74% of total imports.

Denmark, with a CAGR of +23.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, falling by -19.8% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 62%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then dropped remarkably in the following year.

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 the Netherlands ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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