MERCOSUR: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in MERCOSUR

The MERCOSUR pharmaceutical rubber articles market fell slightly to $X in 2021, with a decrease of -4.9% against the previous year. Over the period under review, consumption recorded a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in MERCOSUR

In value terms, pharmaceutical rubber articles production declined to $X in 2021 estimated in export price. In general, production showed a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports in MERCOSUR

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported in MERCOSUR; waning by -26.3% against the previous year's figure. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports dropped remarkably to $X in 2021. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X units) and Brazil (X units) prevails in exports structure, together making up 88% of total exports. It was distantly followed by Suriname (X units), generating a 5.8% share of total exports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Suriname (with a CAGR of +168.9%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest pharmaceutical rubber articles supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Ecuador ($X), together accounting for 93% of total exports. These countries were followed by Suriname, which accounted for a further 3.7%.

In terms of the main exporting countries, Suriname, with a CAGR of +209.8%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, increasing by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while Suriname ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Suriname (+15.4%), while the other leaders experienced mixed trends in the export price figures.

Pharmaceutical Rubber Articles Imports

Imports in MERCOSUR

After two years of decline, supplies from abroad of hygienic or pharmaceutical articles of rubber increased by 26% to X units in 2021. Total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 26%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, pharmaceutical rubber articles imports stood at $X in 2021. Overall, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2018 with an increase of 13%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X units), Chile (X units) and Argentina (X units) was the key importer of hygienic or pharmaceutical articles of rubber in MERCOSUR, committing 73% of total import. Peru (X units) held the next position in the ranking, followed by Colombia (X units) and Uruguay (X units). All these countries together held approx. 20% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in MERCOSUR, comprising 50% of total imports. The second position in the ranking was held by Chile ($X), with a 17% share of total imports. It was followed by Argentina, with a 9.5% share.

In Brazil, pharmaceutical rubber articles imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+2.8% per year) and Argentina (+0.2% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per unit, with a decrease of -11.7% against the previous year. Overall, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform