Scandinavia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Scandinavia

The Scandinavia pharmaceutical rubber articles market fell modestly to $X in 2021, reducing by -3.1% against the previous year. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Production in Scandinavia

In value terms, pharmaceutical rubber articles production reduced notably to $X in 2021 estimated in export price. Overall, production recorded a dramatic setback. The most prominent rate of growth was recorded in 2019 with an increase of 36%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports in Scandinavia

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported in Scandinavia; picking up by 4% compared with the previous year's figure. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +43.1% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, pharmaceutical rubber articles exports shrank modestly to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Sweden (X units) and Denmark (X units) dominates exports structure, together comprising 95% of total exports. Norway (X units) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +25.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest pharmaceutical rubber articles supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), together accounting for 100% of total exports.

Denmark, with a CAGR of +36.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Scandinavia amounted to $X per unit, reducing by -6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2015 when the export price increased by 28% against the previous year. The level of export peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Pharmaceutical Rubber Articles Imports

Imports in Scandinavia

In 2021, the amount of hygienic or pharmaceutical articles of rubber imported in Scandinavia soared to X units, rising by 31% on the previous year. Overall, imports, however, continue to indicate a perceptible setback. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports shrank to $X in 2021. In general, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Sweden (X units) and Denmark (X units) represented roughly 71% of total imports in 2021. Norway (X units) ranks next in terms of the total imports with a 21% share, followed by Finland (5.4%). Iceland (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iceland (with a CAGR of +8.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 89% of total imports. These countries were followed by Finland and Iceland, which together accounted for a further 11%.

Iceland, with a CAGR of +6.3%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Scandinavia stood at $X per unit in 2021, dropping by -28.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2017 an increase of 37%. Over the period under review, import prices reached the peak figure at $X per unit in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per unit), while Iceland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform