Malaysia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Malaysia

In 2021, the Malaysian pharmaceutical rubber articles market decreased by -2.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a relatively flat trend pattern. Pharmaceutical rubber articles consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in Malaysia

In value terms, pharmaceutical rubber articles production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. Pharmaceutical rubber articles production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Malaysia

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber increased by 1.1% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports expanded notably to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 13%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units), Singapore (X units) and China (X units) were the main destinations of pharmaceutical rubber articles exports from Malaysia, together comprising 34% of total exports. Japan, the Philippines, Thailand, Germany, Russia, the Netherlands, Hong Kong SAR, Indonesia, Spain and South Korea lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Singapore ($X) constituted the largest markets for pharmaceutical rubber articles exported from Malaysia worldwide, with a combined 34% share of total exports. Japan, Germany, the Philippines, Russia, the Netherlands, Hong Kong SAR, Spain, South Korea, Indonesia and Thailand lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Russia, with a CAGR of +20.2%, recorded 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

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, growing by 4.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Thailand ($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 the United States (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Malaysia

Pharmaceutical rubber articles imports into Malaysia stood at X units in 2021, surging by 2.2% against 2020 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports shrank to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +1.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 53% against the previous year. Over the period under review, imports reached the peak figure 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 Malaysia, accounting for a 52% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), fourfold. The third position in this ranking was taken by Singapore (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+50.9% per year) and Singapore (+9.5% per year).

In value terms, Belgium ($X), Singapore ($X) and China ($X) constituted the largest pharmaceutical rubber articles suppliers to Malaysia, with a combined 73% share of total imports.

Belgium, with a CAGR of +102.6%, recorded the highest growth rate of 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

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, declining by -13.1% against the previous year. Over the period under review, the import price, however, showed a modest expansion. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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