Asia-Pacific: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Asia-Pacific

The Asia-Pacific pharmaceutical rubber articles market expanded modestly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, 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-Pacific

In value terms, pharmaceutical rubber articles production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded 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 remained at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports in Asia-Pacific

In 2022, exports of hygienic or pharmaceutical articles of rubber in Asia-Pacific expanded sharply to X units, picking up by X% against the previous year. Total exports 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, exports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pharmaceutical rubber articles exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X units), committing a X% share of total exports. The following exporters - Thailand (X units), Taiwan (Chinese) (X units) and India (X units) - each recorded a X% share of total exports.

China was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, pharmaceutical rubber articles exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Pharmaceutical Rubber Articles Imports

Imports in Asia-Pacific

In 2022, approx. X units of hygienic or pharmaceutical articles of rubber were imported in Asia-Pacific; picking up by X% compared with 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, pharmaceutical rubber articles imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

Indonesia (X units) and India (X units) were the main importers of hygienic or pharmaceutical articles of rubber in 2022, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Vietnam (X units), Malaysia (X units), Bangladesh (X units), Japan (X units) and South Korea (X units), together mixing up a X% share of total imports. The following importers - Singapore (X units), Australia (X units), Thailand (X units), the Philippines (X units) and Taiwan (Chinese) (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. 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 ($X per unit), while Malaysia ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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