Sweden: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Sweden

The Swedish pharmaceutical rubber articles market contracted modestly to $X in 2021, approximately mirroring the previous year. In general, consumption, however, continues to indicate a noticeable decrease. 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 Sweden

In value terms, pharmaceutical rubber articles production dropped notably to $X in 2021 estimated in export price. Overall, production, however, faced a sharp decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 36% against the previous year. Pharmaceutical rubber articles production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports from Sweden

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber increased by 8% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports totaled $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X units), Norway (X units) and the United States (X units) were the main destinations of pharmaceutical rubber articles exports from Sweden, together accounting for 86% of total exports. Germany, Finland, the UK and Spain lagged somewhat behind, together comprising a further 5.6%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and the United States ($X) were the largest markets for pharmaceutical rubber articles exported from Sweden worldwide, with a combined 80% share of total exports. Germany, the UK, Finland and Spain lagged somewhat behind, together comprising a further 6.3%.

Germany, with a CAGR of +9.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, with a decrease of -3.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Finland ($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 Spain (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Sweden

In 2021, purchases abroad of hygienic or pharmaceutical articles of rubber was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.8% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X units), Austria (X units) and Germany (X units) were the main suppliers of pharmaceutical rubber articles imports to Sweden, together comprising 69% of total imports. The United States, China, Belgium and France lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Sweden, comprising 38% of total imports. The second position in the ranking was held by Austria ($X), with a 19% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-1.6% per year) and the United States (+42.5% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, with a decrease of -2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2017 when the average import price increased by 27%. The import price peaked at $X per unit in 2020, and then fell in the following year.

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 Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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