Belgium: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Belgium

The Belgian blood-grouping reagents market reduced to $X in 2022, waning by -5.5% against the previous year. In general, consumption continues to indicate a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Blood-Grouping Reagents Production in Belgium

In value terms, blood-grouping reagents production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Blood-Grouping Reagents Exports

Exports from Belgium

After two years of growth, shipments abroad of blood-grouping reagents decreased by -3.8% to X tons in 2022. Over the period under review, exports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2020 with an increase of 151% against the previous year. The exports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, blood-grouping reagents exports dropped notably to $X in 2022. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 740% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Rwanda (X tons) were the main destinations of blood-grouping reagents exports from Belgium, with a combined 66% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +118.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Rwanda ($X) appeared to be the largest markets for blood-grouping reagents exported from Belgium worldwide, with a combined 81% share of total exports.

The United States, with a CAGR of +58.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average blood-grouping reagents export price stood at $X per ton in 2022, which is down by -19.9% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 531% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the average price for exports to Burkina Faso ($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 Central African Republic (+2.7%), while the prices for the other major destinations experienced a decline.

Blood-Grouping Reagents Imports

Imports into Belgium

In 2022, blood-grouping reagents imports into Belgium declined to X tons, falling by -7% against the year before. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 73%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, blood-grouping reagents imports shrank to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 107%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest blood-grouping reagents supplier to Belgium, accounting for a 72% share of total imports. Moreover, blood-grouping reagents imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The Netherlands (X kg) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.9% per year) and the Netherlands (+1.9% per year).

In value terms, France ($X) constituted the largest supplier of blood-grouping reagents to Belgium, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.5% per year) and the Netherlands (+9.4% per year).

Import Prices by Country

In 2022, the average blood-grouping reagents import price amounted to $X per ton, with a decrease of -5% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blood-grouping reagents import price increased by +22.0% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

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 Netherlands ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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