Pharmaceutical Rubber Articles Market in Thailand
Market Overview
The Thai pharmaceutical rubber articles market shrank to $
in , falling 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 continues to indicate a slight contraction. Pharmaceutical rubber articles consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, pharmaceutical rubber articles production shrank modestly to $ in estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to , production failed to regain momentum.
in , falling 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 continues to indicate a slight contraction. Pharmaceutical rubber articles consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, pharmaceutical rubber articles production shrank modestly to $
in estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to , production failed to regain momentum.Consumption
In , approx. units of hygienic or pharmaceutical articles of rubber were consumed in Thailand; waning by -% against . Over the period under review, consumption showed a slight decrease. Over the period under review, consumption hit record highs at units in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the pharmaceutical rubber articles market in Thailand reduced to $ in , declining 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 saw a slight reduction. Pharmaceutical rubber articles consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, approx. units of hygienic or pharmaceutical articles of rubber were consumed in Thailand; waning by -% against . Over the period under review, consumption showed a slight decrease. Over the period under review, consumption hit record highs at units in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the pharmaceutical rubber articles market in Thailand reduced to $
in , declining 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 saw a slight reduction. Pharmaceutical rubber articles consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for pharmaceutical rubber articles in Thailand, 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 .
% 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 .Market Structure
Over the period under review, the share of imports in terms of total pharmaceutical rubber articles consumption in Thailand was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Thailand pharmaceutical rubber articles market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Thailand imports of in the pharmaceutical rubber articles market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
% figure. In value terms the share of imports also stood at a low figure, which means that the Thailand pharmaceutical rubber articles market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Thailand imports of in the pharmaceutical rubber articles market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Thailand 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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