Germany: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Germany

In 2021, the German pharmaceutical rubber articles market increased by 7.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Pharmaceutical Rubber Articles Production in Germany

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 +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Pharmaceutical rubber articles production peaked in 2021 and is likely to see steady growth in the immediate term.

Pharmaceutical Rubber Articles Exports

Exports from Germany

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported from Germany shrank dramatically to X units, which is down by -23.5% against 2020 figures. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 31%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports contracted markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 29%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X units), Poland (X units) and France (X units) were the main destinations of pharmaceutical rubber articles exports from Germany, together comprising 40% of total exports. These countries were followed by the United Arab Emirates, Saudi Arabia, Switzerland, the UK, the Netherlands, Lithuania, Denmark, Italy, the United States and Spain, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pharmaceutical rubber articles exported from Germany were Austria ($X), France ($X) and Poland ($X), together comprising 31% of total exports. These countries were followed by Switzerland, Italy, Saudi Arabia, Lithuania, the Netherlands, the United Arab Emirates, Spain, the UK, Denmark and the United States, which together accounted for a further 42%.

In terms of the main countries of destination, Lithuania, with a CAGR of +47.6%, recorded 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 average pharmaceutical rubber articles export price stood at $X per unit in 2021, shrinking by -3% against the previous year. Overall, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.3% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the United Arab Emirates ($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 Spain (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Germany

In 2021, supplies from abroad of hygienic or pharmaceutical articles of rubber was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 when imports increased by 29% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports expanded rapidly to $X in 2021. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 13% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest pharmaceutical rubber articles supplier to Germany, with a 29% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by Belgium (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.6% per year) and Belgium (-8.0% per year).

In value terms, France ($X), Belgium ($X) and Hungary ($X) appeared to be the largest pharmaceutical rubber articles suppliers to Germany, together accounting for 48% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +38.7%, saw the highest growth rate of 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 average pharmaceutical rubber articles import price amounted to $X per unit, surging by 3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 France ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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