United Arab Emirates: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in the United Arab Emirates

The pharmaceutical rubber articles market in the United Arab Emirates reduced to $X in 2021, shrinking by -6.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Pharmaceutical Rubber Articles Production in the United Arab Emirates

In value terms, pharmaceutical rubber articles production reached $X in 2021 estimated in export price. Over the period under review, production, however, posted moderate growth. The pace of growth appeared the most rapid in 2015 with an increase of 52%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from the United Arab Emirates

In 2021, approx. X units of hygienic or pharmaceutical articles of rubber were exported from the United Arab Emirates; with a decrease of -41.3% against 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 663% against the previous year. The exports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, pharmaceutical rubber articles exports contracted sharply to $X in 2021. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,350%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units), Saudi Arabia (X units) and Madagascar (X units) were the main destinations of pharmaceutical rubber articles exports from the United Arab Emirates, together comprising 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +354.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from the United Arab Emirates, comprising 95% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 4% share of total exports. It was followed by Madagascar, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+244.0% per year) and Madagascar (+41.4% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, picking up by 11% against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 140%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Madagascar ($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 Iran (+84.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of hygienic or pharmaceutical articles of rubber decreased by -0.2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, total imports indicated a pronounced expansion from 2012 to 2021: its volume 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, imports increased by +183.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 116%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports fell to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of pharmaceutical rubber articles to the United Arab Emirates, accounting for a 62% share of total imports. Moreover, pharmaceutical rubber articles imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was held by France (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.5% per year) and France (+8.7% per year).

In value terms, China ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to the United Arab Emirates, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.4% share of total imports. It was followed by France, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.1% per year) and France (+6.9% per year).

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, shrinking by -11.3% against the previous year. In general, the import price showed a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 83% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :