Pharmaceutical Rubber Articles Market in China
Market Overview
The Chinese pharmaceutical rubber articles market fell slightly to $
in , shrinking by -% 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 relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market failed to regain momentum.
In value terms, pharmaceutical rubber articles production reached $ in estimated in export price. Over the period under review, the total production indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by %. As a result, production attained the peak level of $. From 2017 to , production growth failed to regain momentum.
in , shrinking by -% 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 relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market failed to regain momentum.In value terms, pharmaceutical rubber articles production reached $
in estimated in export price. Over the period under review, the total production indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by %. As a result, production attained the peak level of $. From 2017 to , production growth failed to regain momentum.Consumption
In , consumption of hygienic or pharmaceutical articles of rubber in China declined modestly to units, with a decrease of -% compared with the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Pharmaceutical rubber articles consumption peaked at units in ; however, from to , consumption failed to regain momentum.
The revenue of the pharmaceutical rubber articles market in China reduced to $ in , which is down by -% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market remained at a somewhat lower figure.
, consumption of hygienic or pharmaceutical articles of rubber in China declined modestly to units, with a decrease of -% compared with the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Pharmaceutical rubber articles consumption peaked at units in ; however, from to , consumption failed to regain momentum.The revenue of the pharmaceutical rubber articles market in China reduced to $
in , which is down by -% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2017 to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for hygienic or pharmaceutical articles of rubber in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of pharmaceutical rubber articles in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for pharmaceutical rubber articles.
Trade Balance
China remains a net exporter of pharmaceutical rubber articles; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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