Luxembourg: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Luxembourg

In 2021, the Luxembourg pharmaceutical rubber articles market decreased by -6.6% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Pharmaceutical Rubber Articles Production in Luxembourg

In value terms, pharmaceutical rubber articles production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 647%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports from Luxembourg

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported from Luxembourg reduced rapidly to X units, declining by -72.3% compared with the previous year. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 152%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports contracted remarkably to $X in 2021. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 339%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Spain (X units) was the main destination for pharmaceutical rubber articles exports from Luxembourg, accounting for a 90% share of total exports. Moreover, pharmaceutical rubber articles exports to Spain exceeded the volume sent to the second major destination, Slovakia (X units), more than tenfold. Belgium (X units) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+520.6% per year) and Belgium (-11.4% per year).

In value terms, Spain ($X) emerged as the key foreign market for hygienic or pharmaceutical articles of rubber exports from Luxembourg, comprising 83% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.4% share of total exports. It was followed by Slovakia, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.4% per year) and Slovakia (+691.5% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, dropping by -44% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 117%. As a result, the export price attained the peak level of $X per unit, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany ($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 Slovakia (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Luxembourg

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were imported into Luxembourg; shrinking by -21.7% on 2020 figures. In general, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.2% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 81%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports reduced sharply to $X in 2021. Over the period under review, imports, however, showed mild growth. The growth pace was the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of pharmaceutical rubber articles to Luxembourg, with a 56% share of total imports. Moreover, pharmaceutical rubber articles imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. France (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.4% per year) and France (+12.7% per year).

In value terms, the largest pharmaceutical rubber articles suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), together accounting for 92% of total imports. The Netherlands lagged somewhat behind, comprising a further 4.8%.

The Netherlands, with a CAGR of +60.6%, recorded the highest rates of growth with regard to the value of imports, among 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, reducing by -25% against the previous year. Over the period under review, the import price showed a mild curtailment. The growth pace was the most rapid in 2019 an increase of 43% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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