Updated Mar 21, 2023 20:23

Pharmaceutical Rubber Articles Market in France

Market Overview
The French pharmaceutical rubber articles market was estimated at $ in , surging 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.

In value terms, pharmaceutical rubber articles production rose slightly to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by %. Over the period under review, production reached the peak level at $ in ; however, from to , production remained at a lower figure.


Consumption
In , consumption of hygienic or pharmaceutical articles of rubber in France rose notably to units, picking up by % against . Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to , consumption failed to regain momentum.

The value of the pharmaceutical rubber articles market in France expanded significantly to $ in , surging 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, showed a relatively flat trend pattern. Pharmaceutical rubber articles consumption peaked at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for pharmaceutical rubber articles in France, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract 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 .


Trade Balance
France 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.