Southern Asia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Southern Asia

The South Asian pharmaceutical rubber articles market shrank to $X in 2021, dropping by -6.3% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Pharmaceutical Rubber Articles Production in Southern Asia

In value terms, pharmaceutical rubber articles production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. The level of production peaked at $X in 2020, and then reduced in the following year.

Pharmaceutical Rubber Articles Exports

Exports in Southern Asia

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber increased by 30% to X units, rising for the second year in a row after three years of decline. Total exports indicated a modest increase from 2012 to 2021: its volume 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 increased by +82.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 40%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India was the largest exporting country with an export of about X units, which amounted to 64% of total exports. It was distantly followed by Sri Lanka (X units), comprising a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +3.3%).

In value terms, India ($X) remains the largest pharmaceutical rubber articles supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 20% share of total exports.

In India, pharmaceutical rubber articles exports increased at an average annual rate of +4.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pharmaceutical rubber articles export price decreased by -38.4% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 31%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.2%).

Pharmaceutical Rubber Articles Imports

Imports in Southern Asia

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were imported in Southern Asia; increasing by 31% against the previous year's figure. Overall, imports enjoyed moderate growth. The pace of growth appeared the most rapid in 2019 when imports increased by 71% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, pharmaceutical rubber articles imports dropped slightly to $X in 2021. Over the period under review, imports saw noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 52%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India represented the main importing country with an import of about X units, which recorded 61% of total imports. It was distantly followed by Bangladesh (X units), achieving a 33% share of total imports. The following importers - Pakistan (X units) and Nepal (X units) - each finished at a 4.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +29.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Southern Asia, comprising 66% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 25% share of total imports. It was followed by Pakistan, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +1.0%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+9.0% per year) and Pakistan (+30.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, waning by -24.8% against the previous year. Overall, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by 20%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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