New Zealand: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in New Zealand

The New Zealand pharmaceutical rubber articles market expanded notably to $X in 2021, increasing by 8.5% against the previous year. Over the period under review, consumption, however, showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Pharmaceutical Rubber Articles Production in New Zealand

In value terms, pharmaceutical rubber articles production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from New Zealand

For the eighth consecutive year, New Zealand recorded growth in overseas shipments of hygienic or pharmaceutical articles of rubber, which increased by 14% to X units in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 185%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, pharmaceutical rubber articles exports soared to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 185% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X units), the UK (X units) and Australia (X units) were the main destinations of pharmaceutical rubber articles exports from New Zealand, with a combined 59% share of total exports. These countries were followed by Ireland, Canada, the Netherlands, Chile, Germany, Japan, Brazil and China, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +94.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Australia ($X) were the largest markets for pharmaceutical rubber articles exported from New Zealand worldwide, together comprising 59% of total exports. These countries were followed by Ireland, Canada, the Netherlands, Chile, Germany, Japan, Brazil and China, which together accounted for a further 34%.

In terms of the main countries of destination, Ireland, with a CAGR of +73.4%, saw 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

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, picking up by 61% against the previous year. In general, the export price, however, saw a mild decline. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Japan ($X per unit), while the average price for exports to Brazil ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into New Zealand

In 2021, supplies from abroad of hygienic or pharmaceutical articles of rubber increased by 8.3% to X units, rising for the fourth consecutive year after five years of decline. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 18%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports soared to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +116.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pharmaceutical rubber articles to New Zealand, with a 49% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Denmark (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.1% per year) and Denmark (+118.3% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to New Zealand, comprising 49% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.2% per year) and Denmark (+125.5% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, picking up by 11% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pharmaceutical rubber articles import price increased by +27.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 26%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Malaysia ($X per unit) and Australia ($X per unit), while the price for India ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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