Switzerland: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Switzerland

In 2021, after three years of decline, there was significant growth in the Swiss pharmaceutical rubber articles market, when its value increased by 100% to $X. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pharmaceutical Rubber Articles Production in Switzerland

In value terms, pharmaceutical rubber articles production rose rapidly to $X in 2021 estimated in export price. Overall, production posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of 115% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Switzerland

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported from Switzerland; shrinking by -69.1% on 2020. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 81%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports contracted notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for pharmaceutical rubber articles exports from Switzerland, accounting for a 47% share of total exports. Moreover, pharmaceutical rubber articles exports to Germany exceeded the volume sent to the second major destination, Belgium (X units), fourfold. France (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-6.1% per year) and France (+13.8% per year).

In value terms, Germany ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Switzerland, comprising 39% of total exports. The second position in the ranking was held by France ($X), with an 8.1% share of total exports. It was followed by India, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+11.4% per year) and India (+27.4% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, picking up by 61% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Belgium ($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 Belgium (-1.4%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Rubber Articles Imports

Imports into Switzerland

In 2021, overseas purchases of hygienic or pharmaceutical articles of rubber decreased by -18.6% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports rose markedly to $X in 2021. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 when imports increased by 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X units), China (X units) and Germany (X units) were the main suppliers of pharmaceutical rubber articles imports to Switzerland, with a combined 69% share of total imports. Ireland, Vietnam, Belgium, the UK and Italy lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +61.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Ireland ($X) and Germany ($X) constituted the largest pharmaceutical rubber articles suppliers to Switzerland, together accounting for 76% of total imports.

Ireland, with a CAGR of +68.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, jumping by 34% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 95%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Ireland ($X per unit), while the price for Italy ($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 (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :