Norway: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Norway

The Norwegian pharmaceutical rubber articles market shrank to $X in 2021, declining by -10.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports from Norway

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber increased by 60% to X units, rising for the second year in a row after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 130% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, pharmaceutical rubber articles exports surged to $X in 2021. Over the period under review, exports posted pronounced growth. The pace of growth appeared the most rapid in 2013 when exports increased by 68%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Sweden (X units) and Denmark (X units) were the main destinations of pharmaceutical rubber articles exports from Norway, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +89.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Denmark ($X) and Sweden ($X) appeared to be the largest markets for pharmaceutical rubber articles exported from Norway worldwide, with a combined 71% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +65.6%, saw the highest growth rate of 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, waning by -8% against the previous year. In general, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Sweden ($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 Spain (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Rubber Articles Imports

Imports into Norway

In 2021, supplies from abroad of hygienic or pharmaceutical articles of rubber decreased by -2% to X units, falling for the fourth year in a row after three years of growth. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 decreased by -33.5% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 39% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports shrank to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 82% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Hungary (X units) were the main suppliers of pharmaceutical rubber articles imports to Norway, together accounting for 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +80.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles suppliers to Norway were the United States ($X), Hungary ($X) and Sweden ($X), together comprising 76% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +61.6%, recorded the highest rates of growth with regard to 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 average pharmaceutical rubber articles import price amounted to $X per unit, shrinking by -4.8% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 an increase of 40%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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