Peru: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Peru

The Peruvian pharmaceutical rubber articles market skyrocketed to $X in 2021, jumping by 17% 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). The market value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pharmaceutical rubber articles consumption peaked in 2021 and is expected to retain growth in years to come.

Pharmaceutical Rubber Articles Exports

Exports from Peru

After three years of growth, overseas shipments of hygienic or pharmaceutical articles of rubber decreased by -29.2% to X units in 2021. Overall, exports recorded a dramatic setback. The pace of growth was the most pronounced in 2016 when exports increased by 2,680% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports fell notably to $X in 2021. Over the period under review, exports faced a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 2,509% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for pharmaceutical rubber articles exports from Peru, accounting for a 83% share of total exports. Moreover, pharmaceutical rubber articles exports to Chile exceeded the volume sent to the second major destination, Guatemala (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled -20.3%.

In value terms, Chile ($X) emerged as the key foreign market for hygienic or pharmaceutical articles of rubber exports from Peru, comprising 84% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled -12.4%.

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, shrinking by -6% against the previous year. In general, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 133% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Guatemala amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Peru

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported into Peru expanded notably to X units, growing by 8.4% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, pharmaceutical rubber articles imports surged to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 35%. Over the period under review, imports hit record highs at $X in 2016; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) was the main supplier of pharmaceutical rubber articles to Peru, with a 92% share of total imports. It was followed by Colombia (X units), with a 2.4% share of total imports. The third position in this ranking was taken by Mexico (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+9.0% per year) and Mexico (+50.2% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Peru, comprising 77% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.2% share of total imports. It was followed by Colombia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.3% per year) and Colombia (-0.5% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, growing by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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