U.S.: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in the U.S.

In 2021, the U.S. pharmaceutical rubber articles market decreased by -2.1% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% 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 increased by +2.8% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell slightly in the following year.

Pharmaceutical Rubber Articles Production in the U.S.

In value terms, pharmaceutical rubber articles production contracted slightly to $X in 2021. Overall, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports from the U.S.

In 2021, overseas shipments of hygienic or pharmaceutical articles of rubber increased by 35% to X units, rising for the third year in a row after six years of decline. In general, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports declined to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The smallest decline of -0.7% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Belgium (X units) and Australia (X units) were the main destinations of pharmaceutical rubber articles exports from the United States, together accounting for 52% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +88.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pharmaceutical rubber articles exported from the United States were Mexico ($X), Belgium ($X) and Canada ($X), together accounting for 58% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +82.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, reducing by -33.8% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($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 Japan (+2.6%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Rubber Articles Imports

Imports into the U.S.

For the fourth year in a row, the United States recorded growth in overseas purchases of hygienic or pharmaceutical articles of rubber, which increased by 69% to X units in 2021. Over the period under review, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X units), Denmark (X units) and Hungary (X units) were the main suppliers of pharmaceutical rubber articles imports to the United States, with a combined 64% share of total imports. These countries were followed by Malaysia, Germany, Ireland, New Zealand, France, Vietnam and Belgium, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +117.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hungary ($X) and Denmark ($X) constituted the largest pharmaceutical rubber articles suppliers to the United States, with a combined 64% share of total imports. These countries were followed by Malaysia, Germany, Ireland, Vietnam, New Zealand, France and Belgium, which together accounted for a further 28%.

Ireland, with a CAGR of +99.0%, saw the highest growth rate of the value of imports, among 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, reducing by -34.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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