ASEAN: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in ASEAN

The ASEAN blood-grouping reagents market dropped to $X in 2022, waning by -9.9% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Blood-Grouping Reagents Production in ASEAN

In value terms, blood-grouping reagents production contracted modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Blood-Grouping Reagents Exports

Exports in ASEAN

In 2022, shipments abroad of blood-grouping reagents decreased by -10% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 66%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, blood-grouping reagents exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore represented the key exporting country with an export of about X tons, which resulted at 75% of total exports. It was distantly followed by Thailand (X tons), creating a 19% share of total exports. The following exporters - Indonesia (X kg) and Brunei Darussalam (X kg) - each accounted for a 6.3% share of total exports.

Exports from Singapore increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Brunei Darussalam (+55.2%), Indonesia (+11.0%) and Thailand (+5.1%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +55.2% from 2012-2022. While the share of Brunei Darussalam (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest blood-grouping reagents supplier in ASEAN, comprising 93% of total exports. The second position in the ranking was taken by Thailand ($X), with a 4.3% share of total exports. It was followed by Indonesia, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value in Singapore amounted to +4.1%. In the other countries, the average annual rates were as follows: Thailand (+2.2% per year) and Indonesia (-2.6% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, with an increase of 2.7% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The growth pace was the most rapid in 2015 an increase of 21%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+20.1%), while the other leaders experienced a decline in the export price figures.

Blood-Grouping Reagents Imports

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in purchases abroad of blood-grouping reagents, which increased by 0.4% to X tons in 2022. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 53% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, blood-grouping reagents imports shrank to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.6% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 31% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Thailand (X tons) and the Philippines (X tons) represented the major importers of blood-grouping reagents in 2022, accounting for approx. 32% and 29% of total imports, respectively. Singapore (X tons) ranks next in terms of the total imports with a 12% share, followed by Indonesia (11%), Vietnam (8.7%) and Malaysia (4.8%). Lao People's Democratic Republic (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +56.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 67% share of total imports. Indonesia, the Philippines, Lao People's Democratic Republic and Malaysia lagged somewhat behind, together comprising a further 33%.

Lao People's Democratic Republic, with a CAGR of +61.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, waning by -11.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2015 an increase of 44%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the Philippines ($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 Philippines (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform