Report Update Nov 1, 2024

Venezuela - Hygienic or Pharmaceutical Articles of Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Venezuela

In 2021, after two years of growth, there was significant decline in the Venezuelan pharmaceutical rubber articles market, when its value decreased by -42.5% to $X. Overall, consumption continues to indicate a precipitous decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Venezuela

In 2021, pharmaceutical rubber articles exports from Venezuela stood at X units, almost unchanged from 2020. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of 133%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, pharmaceutical rubber articles exports amounted to $X in 2021. In general, exports showed a significant increase. The smallest decline of -23.8% was in 2016. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Malaysia (X units) was the main destination for pharmaceutical rubber articles exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2021, flattening at the previous year. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 a decrease of -11%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Pharmaceutical Rubber Articles Imports

Imports into Venezuela

In 2021, after two years of growth, there was significant decline in overseas purchases of hygienic or pharmaceutical articles of rubber, when their volume decreased by -40.2% to X units. Overall, imports saw a dramatic setback. The growth pace was the most rapid in 2019 when imports increased by 108%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports dropped rapidly to $X in 2021. In general, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2020 when imports increased by 80%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X units) constituted the largest supplier of pharmaceutical rubber articles to Venezuela, with a 43% share of total imports. Moreover, pharmaceutical rubber articles imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Mexico (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Hong Kong SAR stood at -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.2% per year) and Mexico (-15.6% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Venezuela, comprising 65% of total imports. The second position in the ranking was held by Italy ($X), with a 7.7% share of total imports. It was followed by Panama, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR amounted to -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.4% per year) and Panama (-22.8% per year).

Import Prices by Country

The average pharmaceutical rubber articles import price stood at $X per unit in 2021, declining by -4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 the United States ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hygienic or pharmaceutical articles of rubber in the world?

The countries with the highest volumes of pharmaceutical rubber articles consumption in 2020 were China, the UK and the U.S., together comprising 49% of global consumption. These countries were followed by India, Japan, Germany, Indonesia, Mexico, Qatar, South Korea and France, which together accounted for a further 30%.

What are the largest producers of hygienic or pharmaceutical articles of rubber in the world?

China remains the largest pharmaceutical rubber articles producing country worldwide, accounting for 31% of total volume. Moreover, pharmaceutical rubber articles production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 11% share.

What are the leading suppliers of hygienic or pharmaceutical articles of rubber to Venezuela?

In value terms, Hong Kong SAR constituted the largest supplier of pharmaceutical rubber articles to Venezuela, comprising 60% of total imports. The second position in the ranking was occupied by Panama, with a 9.4% share of total imports. It was followed by the U.S., with a 9.1% share.

What is the average export price for hygienic or pharmaceutical articles of rubber in Venezuela?

The average pharmaceutical rubber articles export price stood at $3.3 per unit in 2017, waning by -66.8% against the previous year.

What is the average import price for hygienic or pharmaceutical articles of rubber in Venezuela?

In 2020, the average pharmaceutical rubber articles import price amounted to $15 per unit, increasing by 12% against the previous year.

This report provides an in-depth analysis of the pharmaceutical rubber articles market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22197130 - Hygienic or pharmaceutical articles of rubber (excluding sheath contraceptives)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023