Croatia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Croatia

The Croatian pharmaceutical rubber articles market was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Pharmaceutical Rubber Articles Production in Croatia

In value terms, pharmaceutical rubber articles production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports from Croatia

In 2022, overseas shipments of hygienic or pharmaceutical articles of rubber decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, pharmaceutical rubber articles exports contracted rapidly to $X in 2022. Overall, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Serbia (X units), Slovenia (X units) and Bosnia and Herzegovina (X units) were the main destinations of pharmaceutical rubber articles exports from Croatia, together comprising X% of total exports. Montenegro and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, Serbia ($X) emerged as the key foreign market for hygienic or pharmaceutical articles of rubber exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Serbia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Montenegro (X% per year).

Export Prices by Country

In 2022, the average pharmaceutical rubber articles export price amounted to $X per unit, rising by X% against the previous year. In general, the export price enjoyed a strong increase. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Croatia

In 2022, imports of hygienic or pharmaceutical articles of rubber into Croatia skyrocketed to X units, with an increase of X% against the previous year's figure. Over the period under review, imports showed a perceptible 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 surged to $X in 2022. In general, imports, however, showed a pronounced reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X units), Germany (X units) and Hungary (X units) were the main suppliers of pharmaceutical rubber articles imports to Croatia, together accounting for X% of total imports. China, the Czech Republic, Italy, Sweden, Slovenia, Spain and France lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest pharmaceutical rubber articles suppliers to Croatia were Germany ($X), Belgium ($X) and Sweden ($X), together comprising X% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, saw the highest growth rate of 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

The average pharmaceutical rubber articles import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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