SADC: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in SADC

The SADC pharmaceutical rubber articles market fell to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Pharmaceutical Rubber Articles Production in SADC

In value terms, pharmaceutical rubber articles production shrank to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Pharmaceutical Rubber Articles Exports

Exports in SADC

After two years of growth, shipments abroad of hygienic or pharmaceutical articles of rubber decreased by X% to X units in 2023. Total exports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, pharmaceutical rubber articles exports dropped significantly to $X in 2023. Total exports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Tanzania (X units), achieving an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to pharmaceutical rubber articles exports from South Africa stood at X%. At the same time, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest pharmaceutical rubber articles supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Tanzania totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%).

Pharmaceutical Rubber Articles Imports

Imports in SADC

For the third consecutive year, SADC recorded growth in purchases abroad of hygienic or pharmaceutical articles of rubber, which increased by X% to X units in 2023. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, pharmaceutical rubber articles imports dropped dramatically to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, reaching X units, which was near X% of total imports in 2023. It was distantly followed by Zambia (X units) and Tanzania (X units), together creating a X% share of total imports. The following importers - Democratic Republic of the Congo (X units), Malawi (X units), Angola (X units) and Namibia (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to pharmaceutical rubber articles imports into South Africa stood at X%. At the same time, Malawi (X%), Zambia (X%), Democratic Republic of the Congo (X%), Tanzania (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Angola experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Zambia (X p.p.), Malawi (X p.p.), Democratic Republic of the Congo (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hygienic or pharmaceutical articles of rubber in SADC, comprising X% of total imports. The second position in the ranking was held by Zambia ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform