Benelux: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Benelux

The Benelux blood-grouping reagents market reduced modestly to $X in 2022, with a decrease of -4.3% against the previous year. In general, consumption, however, posted tangible growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Blood-Grouping Reagents Production in Benelux

In value terms, blood-grouping reagents production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2013 with an increase of 181%. 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 in Benelux

After two years of growth, overseas shipments of blood-grouping reagents decreased by -15.4% to X tons in 2022. Over the period under review, exports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 137%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, blood-grouping reagents exports declined to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 124%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands was the major exporting country with an export of about X tons, which recorded 67% of total exports. It was distantly followed by Belgium (X tons), making up a 33% share of total exports.

The Netherlands was also the fastest-growing in terms of the blood-grouping reagents exports, with a CAGR of +4.4% from 2012 to 2022. At the same time, Belgium (+1.3%) displayed positive paces of growth. The Netherlands (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -6.9% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest blood-grouping reagents supplier in Benelux, comprising 85% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports.

In the Netherlands, blood-grouping reagents exports increased at an average annual rate of +6.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by 10% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a 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 the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.0%).

Blood-Grouping Reagents Imports

Imports in Benelux

In 2022, overseas purchases of blood-grouping reagents decreased by -3.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +89.9% against 2016 indices. The pace of growth was the most pronounced in 2020 when imports increased by 34% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, blood-grouping reagents imports contracted to $X in 2022. Over the period under review, imports saw a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 26%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons) and Luxembourg (X tons) were the major importers of blood-grouping reagents in 2022, finishing at approx. 44% and 39% of total imports, respectively. It was distantly followed by Belgium (X tons), creating a 17% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Luxembourg (with a CAGR of +25.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest blood-grouping reagents importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Luxembourg, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, with a decrease of -6.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform