Puerto Rico: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Puerto Rico

The Puerto Rican pharmaceutical rubber articles market reduced to $X in 2021, shrinking by -10.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in Puerto Rico

In value terms, pharmaceutical rubber articles production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 68% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Puerto Rico

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported from Puerto Rico stood at less than X units, remaining stable against the previous year. Overall, exports showed a relatively flat trend pattern.

In value terms, pharmaceutical rubber articles exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

China represented the main exporter of hygienic or pharmaceutical articles of rubber in the world, with the volume of exports resulting at X units, which was near 48% of total exports in 2021. France (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by the United States (5.1%) and Malaysia (4.5%). The following exporters - Belgium (X units), Mexico (X units), Germany (X units), Ireland (X units), Italy (X units), the Netherlands (X units) and Singapore (X units) - together made up 13% of total exports.

Exports from China increased at an average annual rate of +22.8% from 2012 to 2021. At the same time, Ireland (+50.0%), Mexico (+13.5%) and France (+2.1%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of +50.0% from 2012-2021. The Netherlands and Malaysia experienced a relatively flat trend pattern. By contrast, the United States (-7.3%), Germany (-10.8%), Singapore (-14.4%), Italy (-21.1%) and Belgium (-24.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, France, Ireland and Mexico increased by +41, +3.6, +1.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), China ($X) and Ireland ($X) constituted the countries with the highest levels of exports in 2021, with a combined 51% share of total exports.

Among the main exporting countries, Ireland, with a CAGR of +45.6%, recorded 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

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.9%), while the other leaders experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Puerto Rico

In 2021, imports of hygienic or pharmaceutical articles of rubber into Puerto Rico was estimated at less than X units, approximately mirroring the previous year. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, pharmaceutical rubber articles imports amounted to less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

The purchases of the twelve major importers of hygienic or pharmaceutical articles of rubber, namely the UK, Austria, the United States, Hungary, Indonesia, Germany, the Netherlands, France, India, Italy, Spain and Portugal, represented more than half of total import. South Africa (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles importing markets into Puerto Rico were Austria ($X), the UK ($X) and the Netherlands ($X), together accounting for 24% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +10.4%, saw the highest growth rate of 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, stabilizing at the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per thousand units), while South Africa ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :