Pharmaceutical Rubber Articles Market in the United States
Market Overview
The U.S. pharmaceutical rubber articles market was estimated at $
in , stabilizing at 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, the total consumption indicated tangible 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, consumption decreased by -% against indices. Pharmaceutical rubber articles consumption peaked at $ in ; afterwards, it flattened through to .
In value terms, pharmaceutical rubber articles production amounted to $ in . Over the period under review, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth appeared the most rapid in 2016 with an increase of %. As a result, production reached the peak level of $. From 2017 to , production growth remained at a lower figure.
in , stabilizing at 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, the total consumption indicated tangible 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, consumption decreased by -% against indices. Pharmaceutical rubber articles consumption peaked at $ in ; afterwards, it flattened through to .In value terms, pharmaceutical rubber articles production amounted to $
in . Over the period under review, the total production indicated a perceptible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth appeared the most rapid in 2016 with an increase of %. As a result, production reached the peak level of $. From 2017 to , production growth remained at a lower figure.Consumption
Pharmaceutical rubber articles consumption in the United States expanded modestly to units in , increasing by % against . Over the period under review, the total consumption indicated temperate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption attained the maximum volume at units in ; however, from to , consumption remained at a lower figure.
The revenue of the pharmaceutical rubber articles market in the United States reached $ in , remaining stable 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, the total consumption indicated a noticeable increase 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, consumption decreased by -% against indices. Pharmaceutical rubber articles consumption peaked at $ in ; afterwards, it flattened through to .
units in , increasing by % against . Over the period under review, the total consumption indicated temperate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption attained the maximum volume at units in ; however, from to , consumption remained at a lower figure.The revenue of the pharmaceutical rubber articles market in the United States reached $
in , remaining stable 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, the total consumption indicated a noticeable increase 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, consumption decreased by -% against indices. Pharmaceutical rubber articles consumption peaked at $ in ; afterwards, it flattened through to .Market Forecast
Driven by increasing demand for hygienic or pharmaceutical articles of rubber in the United States, 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
Over the period under review, imports of pharmaceutical rubber articles in the United States 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
The United States remains a net importer of pharmaceutical rubber articles; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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