Israel: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Israel

The Israeli pharmaceutical rubber articles market soared to $X in 2021, growing by 26% 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, consumption, however, showed a pronounced curtailment. Pharmaceutical rubber articles consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Israel

In 2021, exports of hygienic or pharmaceutical articles of rubber from Israel declined modestly to X units, dropping by -4.3% compared with the previous year. In general, exports, however, posted a slight increase. The most prominent rate of growth was recorded in 2019 when exports increased by 679% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports fell to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 420% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for pharmaceutical rubber articles exports from Israel, with a 53% share of total exports. Moreover, pharmaceutical rubber articles exports to the Netherlands exceeded the volume sent to the second major destination, Thailand (X units), threefold. Chile (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-80.2% per year) and Chile (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for hygienic or pharmaceutical articles of rubber exports from Israel, comprising 52% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by Chile, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-82.5% per year) and Chile (0.0% per year).

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, which is down by -10.9% against the previous year. Over the period under review, the export price recorded a mild descent. The pace of growth was the most pronounced in 2017 an increase of 34%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Latvia ($X per unit) and the United States ($X per unit), while the average price for exports to Italy ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+0.1%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Rubber Articles Imports

Imports into Israel

In 2021, purchases abroad of hygienic or pharmaceutical articles of rubber increased by 12% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports surged to $X in 2021. In general, imports, however, showed a mild curtailment. Imports peaked at $X in 2018; however, from 2019 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 Israel, accounting for a 27% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Denmark (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and Denmark (+15.6% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Israel, comprising 27% of total imports. The second position in the ranking was held by Germany ($X), with a 9.6% share of total imports. It was followed by Denmark, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.3% per year) and Denmark (+19.0% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per unit) and Thailand ($X per unit), while the price for South Korea ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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