Argentina: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Argentina

The Argentinian blood-grouping reagents market reached $X in 2022, remaining stable against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Blood-Grouping Reagents Production in Argentina

In value terms, blood-grouping reagents production amounted to $X in 2022 estimated in export price. Overall, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 21%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Blood-Grouping Reagents Exports

Exports from Argentina

In 2022, exports of blood-grouping reagents from Argentina skyrocketed to X tons, increasing by 50% compared with the year before. Overall, exports showed perceptible growth. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, blood-grouping reagents exports surged to $X in 2022. In general, exports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 110% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for blood-grouping reagents exports from Argentina, accounting for a 53% share of total exports. Moreover, blood-grouping reagents exports to the Dominican Republic exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by Paraguay (X kg), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic totaled +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.6% per year) and Paraguay (+3.3% per year).

In value terms, the Dominican Republic ($X), Paraguay ($X) and Mexico ($X) constituted the largest markets for blood-grouping reagents exported from Argentina worldwide, with a combined 68% share of total exports.

The Dominican Republic, with a CAGR of +44.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average blood-grouping reagents export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Blood-Grouping Reagents Imports

Imports into Argentina

In 2022, after three years of decline, there was significant growth in supplies from abroad of blood-grouping reagents, when their volume increased by 69% to X tons. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, blood-grouping reagents imports rose rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Switzerland (X tons) and the United States (X tons) were the main suppliers of blood-grouping reagents imports to Argentina, together comprising 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +9.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blood-grouping reagents suppliers to Argentina were Spain ($X), Switzerland ($X) and the UK ($X), together comprising 90% of total imports.

Spain, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average blood-grouping reagents import price stood at $X per ton in 2022, which is down by -37.4% against the previous year. Over the period under review, the import price showed a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 55% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :