Azerbaijan: Antisera Market 2024

Antisera Market Size in Azerbaijan

In 2021, after two years of growth, there was significant decline in the Azerbaijani antisera market, when its value decreased by -12.8% to $X. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.4% against 2018 indices. Antisera consumption peaked at $X in 2020, and then contracted in the following year.

Antisera Exports

Exports from Azerbaijan

Antisera exports from Azerbaijan skyrocketed to X tons in 2021, increasing by 24,075% against the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, antisera exports soared to $X in 2021. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for antisera exports from Azerbaijan, with a 97% share of total exports. It was followed by Austria (X kg), with a 1.4% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-66.1% per year) and Canada (-82.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for antisera and other blood fractions exports from Azerbaijan, comprising 100% of total exports. The second position in the ranking was taken by Austria ($X), with less than 0.1% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-96.9% per year) and Canada (-96.3% per year).

Export Prices by Country

The average antisera export price stood at $X per ton in 2021, dropping by -6.7% against the previous year. Overall, the export price saw a slight decline. The growth pace was the most rapid in 2019 an increase of 137% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-78.5%).

Antisera Imports

Imports into Azerbaijan

After two years of growth, purchases abroad of antisera and other blood fractions decreased by -3.5% to X tons in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.2% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 48%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, antisera imports reduced to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 69% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

Switzerland (X tons), China (X tons) and Ukraine (X tons) were the main suppliers of antisera imports to Azerbaijan, together comprising 34% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +95.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Austria ($X) were the largest antisera suppliers to Azerbaijan, with a combined 27% share of total imports. The United States, China, South Korea, Ukraine, the Netherlands, the UK, Russia and Turkey lagged somewhat behind, together comprising a further 24%.

The Netherlands, with a CAGR of +99.8%, saw 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

In 2021, the average antisera import price amounted to $X per ton, dropping by -10.1% against the previous year. Overall, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2020 when the average import price increased by 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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