Iran: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Iran

The Iranian pharmaceutical rubber articles market declined to $X in 2021, falling by -6.1% against the previous year. In general, consumption recorded a mild slump. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in Iran

In value terms, pharmaceutical rubber articles production declined to $X in 2021 estimated in export price. Over the period under review, production showed a mild descent. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Pharmaceutical rubber articles production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Iran

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber increased by 64% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 23,353%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 6,230%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X units), Azerbaijan (X units) and Uzbekistan (X units) were the main destinations of pharmaceutical rubber articles exports from Iran, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +17.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Kyrgyzstan ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Iran, comprising 64% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 27% share of total exports. It was followed by Lebanon, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan totaled +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-51.5% per year) and Lebanon (0.0% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, waning by -6.5% against the previous year. In general, the export price saw a mild curtailment. The growth pace was the most rapid in 2013 an increase of 201% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while the average price for exports to Azerbaijan ($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 Kyrgyzstan (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Rubber Articles Imports

Imports into Iran

For the fourth year in a row, Iran recorded decline in supplies from abroad of hygienic or pharmaceutical articles of rubber, which decreased by -8% to X units in 2021. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 165% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports skyrocketed to $X in 2021. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 123%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pharmaceutical rubber articles to Iran, accounting for a 85% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+15.2% per year) and India (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Iran, comprising 50% of total imports. The second position in the ranking was taken by Hungary ($X), with a 12% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+14.4% per year) and Germany (+12.1% per year).

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, increasing by 31% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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