Portugal: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Portugal

The Portuguese pharmaceutical rubber articles market reduced slightly to $X in 2021, shrinking by -4.5% against the previous year. Overall, consumption saw a mild decline. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Pharmaceutical Rubber Articles Production in Portugal

In value terms, pharmaceutical rubber articles production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. 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 Portugal

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported from Portugal; which is down by -48.8% on 2020 figures. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 193% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports fell rapidly to $X in 2021. Overall, exports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 300%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Spain (X units) and Germany (X units) were the main destinations of pharmaceutical rubber articles exports from Portugal, together accounting for 69% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +2,058.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for pharmaceutical rubber articles exported from Portugal worldwide, together accounting for 44% of total exports.

Belgium, with a CAGR of +1,856.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, dropping by -39.7% against the previous year. Over the period under review, the export price faced a deep slump. The pace of growth was the most pronounced in 2019 an increase of 57%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($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 (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Portugal

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were imported into Portugal; falling by -13.2% against the year before. Over the period under review, imports, however, recorded modest growth. The pace of growth appeared the most rapid in 2020 when imports increased by 70%. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, pharmaceutical rubber articles imports reduced dramatically to $X in 2021. In general, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 when imports increased by 112% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of pharmaceutical rubber articles to Portugal, with a 71% share of total imports. Moreover, pharmaceutical rubber articles imports from Spain exceeded the figures recorded by the second-largest supplier, France (X units), sevenfold. The third position in this ranking was taken by China (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.4% per year) and China (+4.1% per year).

In value terms, Spain ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Portugal, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Poland, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.8% per year) and Poland (+237.6% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, with a decrease of -23.8% against the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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