Northern America: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Northern America

In 2021, after three years of growth, there was decline in the North American pharmaceutical rubber articles market, when its value decreased by -2% to $X. The total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +2.7% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Pharmaceutical Rubber Articles Production in Northern America

In value terms, pharmaceutical rubber articles production reduced slightly to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.2% against 2016 indices. The growth pace was the most rapid in 2016 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports in Northern America

In 2021, shipments abroad of hygienic or pharmaceutical articles of rubber increased by 35% to X units, rising for the third consecutive year after six years of decline. Over the period under review, exports, however, saw a abrupt curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports shrank to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The smallest decline of -0.8% was in 2016. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United States (X units) represented the major exporter of hygienic or pharmaceutical articles of rubber in Northern America, creating 99% of total export.

The United States was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber exports, with a CAGR of -7.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest pharmaceutical rubber articles supplier in Northern America.

In the United States, pharmaceutical rubber articles exports declined by an average annual rate of -13.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, shrinking by -33.3% against the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -6.7% per year.

Pharmaceutical Rubber Articles Imports

Imports in Northern America

In 2021, purchases abroad of hygienic or pharmaceutical articles of rubber increased by 60% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles imports expanded sharply to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2019 when imports increased by 14%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States dominates imports structure, amounting to X units, which was near 91% of total imports in 2021. It was distantly followed by Canada (X units), generating an 8.4% share of total imports.

The United States was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber imports, with a CAGR of +11.7% from 2012 to 2021. Canada (-12.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +37 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +1.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, falling by -30.3% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 11% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the 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 Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :