Spain: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Spain

The Spanish pharmaceutical rubber articles market totaled $X in 2021, surging by 4% against the previous year. In general, consumption saw a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in Spain

In value terms, pharmaceutical rubber articles production rose significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a measured increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 78%. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Pharmaceutical Rubber Articles Exports

Exports from Spain

In 2021, the amount of hygienic or pharmaceutical articles of rubber exported from Spain dropped to X units, reducing by -13.3% on the previous year. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 172%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports shrank remarkably to $X in 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for pharmaceutical rubber articles exports from Spain, accounting for a 48% share of total exports. Moreover, pharmaceutical rubber articles exports to Portugal exceeded the volume sent to the second major destination, France (X units), fivefold. Morocco (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal amounted to -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+17.9% per year) and Morocco (+39.4% per year).

In value terms, Portugal ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Spain, comprising 27% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by Andorra, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.8% per year) and Andorra (+3.5% per year).

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, falling by -14.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Morocco ($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 the UK (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Spain

In 2021, after five years of decline, there was significant growth in supplies from abroad of hygienic or pharmaceutical articles of rubber, when their volume increased by 7% to X units. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles imports expanded rapidly to $X in 2021. Over the period under review, imports, however, faced a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), France (X units) and Italy (X units) were the main suppliers of pharmaceutical rubber articles imports to Spain, with a combined 67% share of total imports. These countries were followed by Portugal, the Netherlands, Malaysia, Hungary, Slovakia, Germany and the UK, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +27.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the Netherlands ($X) were the largest pharmaceutical rubber articles suppliers to Spain, together accounting for 46% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +14.4%, recorded 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, flattening at the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Slovakia ($X per unit), while the price for Portugal ($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 (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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