Middle East: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in the Middle East

In 2021, the Middle Eastern pharmaceutical rubber articles market decreased by -11% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Pharmaceutical Rubber Articles Production in the Middle East

In value terms, pharmaceutical rubber articles production fell to $X in 2021 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 54%. The level of production peaked at $X in 2020, and then shrank in the following year.

Pharmaceutical Rubber Articles Exports

Exports in the Middle East

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported in the Middle East shrank markedly to X units, waning by -34.7% on the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 239% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports fell markedly to $X in 2021. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 101%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) were the key exporters of hygienic or pharmaceutical articles of rubber in 2021, amounting to approx. 35% and 30% of total exports, respectively. Iran (X units) took the next position in the ranking, followed by Oman (X units), Lebanon (X units) and Israel (X units). All these countries together held near 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +51.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest pharmaceutical rubber articles supplier in the Middle East, comprising 55% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by Oman, with a 10% share.

In the United Arab Emirates, pharmaceutical rubber articles exports expanded at an average annual rate of +18.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (-6.3% per year) and Oman (+55.7% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, falling by -13.4% against the previous year. Over the period under review, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat 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 the United Arab Emirates ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.6%), while the other leaders experienced mixed trends in the export price figures.

Pharmaceutical Rubber Articles Imports

Imports in the Middle East

In 2021, overseas purchases of hygienic or pharmaceutical articles of rubber increased by 2% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports rose modestly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) were the key importers of hygienic or pharmaceutical articles of rubber in 2021, accounting for approx. 28% and 21% of total imports, respectively. It was distantly followed by Iraq (X units), Qatar (X units), Yemen (X units) and Iran (X units), together generating a 36% share of total imports. Israel (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of +18.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together accounting for 34% of total imports. Qatar, Iraq, Iran and Yemen lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Yemen, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, growing by 1.7% against the previous year. In general, the import price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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