India: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in India

The Indian pharmaceutical rubber articles market declined to $X in 2021, which is down by -6.6% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pharmaceutical rubber articles consumption peaked at $X in 2020, and then reduced in the following year.

Pharmaceutical Rubber Articles Production in India

In value terms, pharmaceutical rubber articles production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 20% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Pharmaceutical Rubber Articles Exports

Exports from India

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber increased by 21% to X units, rising for the third year in a row after two years of decline. Overall, exports saw perceptible growth. The pace of growth appeared the most rapid in 2020 with an increase of 91%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 38%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United Arab Emirates (X units) was the main destination for pharmaceutical rubber articles exports from India, accounting for a 23% share of total exports. Moreover, pharmaceutical rubber articles exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was taken by Bangladesh (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+111.1% per year) and Bangladesh (-0.6% per year).

In value terms, the largest markets for pharmaceutical rubber articles exported from India were Turkey ($X), Bangladesh ($X) and Nepal ($X), together accounting for 33% of total exports. These countries were followed by the United States, the United Arab Emirates, Germany, Japan, Malaysia, the UK, Thailand, Indonesia and Tanzania, which together accounted for a further 41%.

Japan, with a CAGR of +141.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, rising by 3.4% against the previous year. In general, the export price enjoyed a modest increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 79%. The export price peaked at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Japan (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into India

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported into India surged to X units, with an increase of 27% against 2020. Overall, imports saw a temperate increase. The pace of growth was the most pronounced in 2019 with an increase of 82% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, pharmaceutical rubber articles imports shrank remarkably to $X in 2021. Over the period under review, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 84% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and Singapore (X units) were the main suppliers of pharmaceutical rubber articles imports to India, with a combined 82% share of total imports. These countries were followed by Italy, Germany, South Korea, Thailand, Belgium and the United States, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +33.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles suppliers to India were France ($X), China ($X) and Singapore ($X), with a combined 80% share of total imports. These countries were followed by Italy, Germany, Thailand, Belgium, South Korea and the United States, which together accounted for a further 14%.

Thailand, with a CAGR of +30.7%, saw 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, dropping by -35.1% against the previous year. Over the period under review, the import price showed a mild setback. The growth pace was the most rapid in 2013 when the average import price increased by 27%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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