Russian Federation: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in the Russian Federation

The Russian pharmaceutical rubber articles market rose remarkably to $X in 2021, picking up by 6.5% 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). In general, consumption continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from the Russian Federation

In 2021, exports of hygienic or pharmaceutical articles of rubber from Russia was estimated at X units, approximately equating the previous year. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 65%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports surged to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +107.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of pharmaceutical rubber articles exports from Russia, together comprising 64% 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 Uzbekistan (with a CAGR of +36.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pharmaceutical rubber articles exported from Russia were Kazakhstan ($X), Ukraine ($X) and Belarus ($X), with a combined 71% share of total exports. These countries were followed by Uzbekistan, Kyrgyzstan, Armenia, Mongolia, Moldova, Azerbaijan and Tajikistan, which together accounted for a further 26%.

Among the main countries of destination, Uzbekistan, with a CAGR of +40.7%, 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 average pharmaceutical rubber articles export price amounted to $X per unit, surging by 30% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Tajikistan ($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 China (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into the Russian Federation

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported into Russia fell to X units, shrinking by -9.7% on 2020 figures. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports soared to $X in 2021. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 34%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ukraine (X units) constituted the largest pharmaceutical rubber articles supplier to Russia, with a 52% share of total imports. Moreover, pharmaceutical rubber articles imports from Ukraine exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Estonia (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.7% per year) and Estonia (+94.6% per year).

In value terms, Ukraine ($X), Denmark ($X) and Germany ($X) constituted the largest pharmaceutical rubber articles suppliers to Russia, together comprising 63% of total imports. These countries were followed by Malaysia, Thailand, China and Estonia, which together accounted for a further 31%.

In terms of the main suppliers, Estonia, with a CAGR of +85.3%, saw 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, surging by 34% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pharmaceutical rubber articles import price decreased by -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 70% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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 Denmark ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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