Ireland: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Ireland

In 2021, the Irish pharmaceutical rubber articles market decreased by -94.5% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a precipitous setback. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Ireland

In 2021, exports of hygienic or pharmaceutical articles of rubber from Ireland surged to X units, growing by 403% against the previous year's figure. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 433% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,268% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The UK (X units) was the main destination for pharmaceutical rubber articles exports from Ireland, with a 62% share of total exports. Moreover, pharmaceutical rubber articles exports to the UK exceeded the volume sent to the second major destination, the United States (X units), fourfold. Thailand (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+135.7% per year) and Thailand (0.0% per year).

In value terms, South Africa ($X), Thailand ($X) and the United States ($X) constituted the largest markets for pharmaceutical rubber articles exported from Ireland worldwide, together accounting for 70% of total exports. The UK and Switzerland lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Switzerland, with a CAGR of +393.3%, saw 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, waning by -47.3% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 157%. As a result, the export price reached the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to the UK ($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 Switzerland (+32.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Rubber Articles Imports

Imports into Ireland

In 2021, overseas purchases of hygienic or pharmaceutical articles of rubber decreased by -5.7% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 133%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports surged to $X in 2021. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 52%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X units), China (X units) and the United States (X units) were the main suppliers of pharmaceutical rubber articles imports to Ireland, with a combined 85% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +232.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and China ($X) appeared to be the largest pharmaceutical rubber articles suppliers to Ireland, together accounting for 76% of total imports.

India, with a CAGR of +200.6%, recorded the highest rates of growth with regard to 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

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, jumping by 35% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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