Japan: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Japan

The Japanese pharmaceutical rubber articles market dropped to $X in 2021, waning by -10.5% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Pharmaceutical Rubber Articles Production in Japan

In value terms, pharmaceutical rubber articles production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 27%. As a result, production attained the peak level of $X, and then reduced in the following year.

Pharmaceutical Rubber Articles Exports

Exports from Japan

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber decreased by -30.5% to X units, falling for the third consecutive year after two years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 55% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports rose markedly to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for pharmaceutical rubber articles exports from Japan, with a 55% share of total exports. Moreover, pharmaceutical rubber articles exports to Thailand exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.9% per year) and the United States (-0.9% per year).

In value terms, the largest markets for pharmaceutical rubber articles exported from Japan were Germany ($X), Thailand ($X) and China ($X), with a combined 51% share of total exports. These countries were followed by the United States, Malaysia, Singapore, South Korea, Belgium, Vietnam and Canada, which together accounted for a further 32%.

Canada, with a CAGR of +1,322.2%, 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

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, growing by 52% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Thailand ($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 Germany (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Japan

After two years of growth, supplies from abroad of hygienic or pharmaceutical articles of rubber decreased by -27.3% to X units in 2021. In general, imports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2015 with an increase of 23%. Over the period under review, imports attained the peak figure at X units in 2020, and then shrank notably in the following year.

In value terms, pharmaceutical rubber articles imports contracted notably to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 20% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped sharply in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pharmaceutical rubber articles to Japan, accounting for a 71% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was taken by Thailand (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.1% per year) and Thailand (+3.4% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Japan, comprising 57% of total imports. The second position in the ranking was held by Thailand ($X), with a 6.5% share of total imports. It was followed by Malaysia, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.3% per year) and Malaysia (+26.5% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, jumping by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached 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 Belgium ($X per unit), while the price for India ($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 (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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