Pharmaceutical Rubber Articles Market in Belgium
Market Overview
The Belgian pharmaceutical rubber articles market fell remarkably to $
in , reducing 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, enjoyed a buoyant increase. As a result, consumption reached the peak level of $, and then fell sharply in the following year.
In value terms, pharmaceutical rubber articles production declined dramatically to $ in estimated in export price. Overall, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Pharmaceutical rubber articles production peaked at $ in 2019; however, from to , production remained at a lower figure.
in , reducing 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, enjoyed a buoyant increase. As a result, consumption reached the peak level of $, and then fell sharply in the following year.In value terms, pharmaceutical rubber articles production declined dramatically to $
in estimated in export price. Overall, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by % against the previous year. Pharmaceutical rubber articles production peaked at $ in 2019; however, from to , production remained at a lower figure.Consumption
Pharmaceutical rubber articles consumption in Belgium declined remarkably to units in , shrinking by -% compared with the year before. In general, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak volume of units, and then fell significantly in the following year.
The value of the pharmaceutical rubber articles market in Belgium dropped sharply to $ in , reducing 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, showed a buoyant expansion. As a result, consumption attained the peak level of $, and then dropped rapidly in the following year.
units in , shrinking by -% compared with the year before. In general, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak volume of units, and then fell significantly in the following year.The value of the pharmaceutical rubber articles market in Belgium dropped sharply to $
in , reducing 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, showed a buoyant expansion. As a result, consumption attained the peak level of $, and then dropped rapidly in the following year.Market Forecast
Driven by increasing demand for hygienic or pharmaceutical articles of rubber in Belgium, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Belgium domestic supply is expected to continue its growth.
% in 2007 to % in . Belgium domestic supply is expected to continue its growth.Trade Balance
Belgium 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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