South Africa: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in South Africa

The South African pharmaceutical rubber articles market rose notably to $X in 2021, increasing by 15% 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, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from South Africa

In 2021, after two years of decline, there was significant growth in overseas shipments of hygienic or pharmaceutical articles of rubber, when their volume increased by 37% to X units. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 80%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, pharmaceutical rubber articles exports soared to $X in 2021. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -36.3% against 2016 indices. The pace of growth was the most pronounced in 2016 when exports increased by 103%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X units) was the main destination for pharmaceutical rubber articles exports from South Africa, accounting for a 51% share of total exports. Moreover, pharmaceutical rubber articles exports to Namibia exceeded the volume sent to the second major destination, Botswana (X units), threefold. The third position in this ranking was held by Swaziland (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Namibia totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-7.3% per year) and Swaziland (-0.7% per year).

In value terms, Namibia ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from South Africa, comprising 48% of total exports. The second position in the ranking was held by Botswana ($X), with a 19% share of total exports. It was followed by Swaziland, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Namibia amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-3.0% per year) and Swaziland (+3.4% per year).

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, dropping by -13.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 when the average export price increased by 30%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Swaziland ($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 Lesotho (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into South Africa

In 2021, pharmaceutical rubber articles imports into South Africa skyrocketed to X units, increasing by 44% compared with the year before. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports reduced modestly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 34%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of pharmaceutical rubber articles to South Africa, with a 91% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by Thailand (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and Thailand (-6.3% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to South Africa, comprising 63% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Thailand, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and Thailand (-7.5% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, waning by -32.7% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 69%. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a 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 the UK (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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