Northern America: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Northern America

In 2022, the North American pharmaceutical rubber articles market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Production in Northern America

In value terms, pharmaceutical rubber articles production stood at $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Pharmaceutical Rubber Articles Exports

Exports in Northern America

In 2022, shipments abroad of hygienic or pharmaceutical articles of rubber increased by X% to X units, rising for the fourth consecutive year after six years of decline. In general, exports saw a slight increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles exports rose notably to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United States (X units), together reaching X% of total export.

The United States 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest pharmaceutical rubber articles supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Pharmaceutical Rubber Articles Imports

Imports in Northern America

In 2022, supplies from abroad of hygienic or pharmaceutical articles of rubber increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, pharmaceutical rubber articles imports expanded to $X in 2022. Overall, imports, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States dominates imports structure, resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Canada (X units), constituting a X% share of total imports.

The United States was also the fastest-growing in terms of the hygienic or pharmaceutical articles of rubber imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, pharmaceutical rubber articles imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :