Southern Asia: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Southern Asia

The South Asian pharmaceutical rubber articles market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pharmaceutical Rubber Articles Production in Southern Asia

In value terms, pharmaceutical rubber articles production expanded sharply 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 indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

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Pharmaceutical Rubber Articles Exports

Exports in Southern Asia

In 2022, overseas shipments of hygienic or pharmaceutical articles of rubber increased by X% to X units, rising for the third consecutive year after three years of decline. Total exports indicated a slight increase 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 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, pharmaceutical rubber articles exports shrank modestly 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 throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

India was the largest exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Sri Lanka (X units), making up a X% share of total exports.

India 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. Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest pharmaceutical rubber articles supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

In India, pharmaceutical rubber articles exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a mild increase. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka stood at $X per unit.

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

Pharmaceutical Rubber Articles Imports

Imports in Southern Asia

In 2022, the amount of hygienic or pharmaceutical articles of rubber imported in Southern Asia expanded sharply to X units, surging by X% against the previous year. In general, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, pharmaceutical rubber articles imports expanded sharply to $X in 2022. Overall, imports saw a moderate increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importer of hygienic or pharmaceutical articles of rubber in Southern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Bangladesh (X units) held the second position in the ranking, distantly followed by Pakistan (X units). All these countries together held near X% share of total imports. Nepal (X units) took a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Pakistan, Nepal and Bangladesh increased by X, X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

In India, pharmaceutical rubber articles imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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