Asia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Asia

The Asian pharmaceutical rubber articles market rose to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pharmaceutical Rubber Articles Production in Asia

In value terms, pharmaceutical rubber articles production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports in Asia

For the fourth year in a row, Asia recorded growth in overseas shipments of hygienic or pharmaceutical articles of rubber, which increased by X% to X units in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Malaysia (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). The following exporters - Thailand (X units), Taiwan (Chinese) (X units) and India (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pharmaceutical rubber articles exports from China stood at X%. At the same time, the United Arab Emirates (X%), India (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Taiwan (Chinese) and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pharmaceutical rubber articles supplier in Asia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports in Asia

Pharmaceutical rubber articles imports soared to X units in 2022, picking up by X% compared with 2021. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Qatar (X units), distantly followed by the United Arab Emirates (X units), Indonesia (X units), India (X units), Turkey (X units) and Iraq (X units) represented the major importers of hygienic or pharmaceutical articles of rubber, together creating X% of total imports. Vietnam (X units), Malaysia (X units), Bangladesh (X units), Japan (X units), South Korea (X units), Kuwait (X units) and Singapore (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), India ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia, Kuwait, Japan, Singapore, South Korea, Malaysia, Bangladesh, Qatar, Iraq and Turkey lagged somewhat behind, together accounting for a further X%.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price saw a slight descent. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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