Greece: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Greece

The Greek pharmaceutical rubber articles market reduced to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a pronounced decline. Pharmaceutical rubber articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Greece

In 2022, approx. X units of hygienic or pharmaceutical articles of rubber were exported from Greece; with an increase of X% on the previous year's figure. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X units) was the main destination for pharmaceutical rubber articles exports from Greece, with a X% share of total exports. Moreover, pharmaceutical rubber articles exports to Italy exceeded the volume sent to the second major destination, Spain (X units), twofold. Cyprus (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Cyprus (X% per year).

In value terms, Italy ($X), Cyprus ($X) and Spain ($X) were the largest markets for pharmaceutical rubber articles exported from Greece worldwide, together comprising X% of total exports. Albania, the Netherlands, Hungary and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pharmaceutical rubber articles export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Spain ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Rubber Articles Imports

Imports into Greece

In 2022, overseas purchases of hygienic or pharmaceutical articles of rubber increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pharmaceutical rubber articles imports dropped modestly to $X in 2022. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Hungary (X units) and Germany (X units) were the main suppliers of pharmaceutical rubber articles imports to Greece, with a combined X% share of total imports.

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

In value terms, Hungary ($X) constituted the largest supplier of hygienic or pharmaceutical articles of rubber to Greece, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average pharmaceutical rubber articles import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price showed a mild descent. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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