Cameroon: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Cameroon

The Cameroonian blood-grouping reagents market surged to $X in 2022, growing by 101% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Blood-Grouping Reagents Exports

Exports from Cameroon

In 2021, shipments abroad of blood-grouping reagents decreased by 0% to X kg for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed resilient growth. The smallest decline of -25% was in 2018. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, blood-grouping reagents exports amounted to $X in 2021. In general, exports saw a mild decrease. The smallest decline of -28.4% was in 2018. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Congo (X kg) was the main destination for blood-grouping reagents exports from Cameroon, with a 83% share of total exports. Moreover, blood-grouping reagents exports to Congo exceeded the volume sent to the second major destination, Denmark (X kg), tenfold.

From 2015 to 2021, the average annual rate of growth in terms of volume to Congo was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Congo was relatively modest.

Export Prices by Country

In 2021, the average blood-grouping reagents export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price decreased by -4.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Congo stood at $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Blood-Grouping Reagents Imports

Imports into Cameroon

In 2022, the amount of blood-grouping reagents imported into Cameroon soared to X tons, rising by 92% compared with the previous year's figure. Overall, imports showed a noticeable increase. The pace of growth was the most pronounced in 2015 when imports increased by 2,065% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, blood-grouping reagents imports surged to $X in 2022. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 1,851% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X kg) constituted the largest blood-grouping reagents supplier to Cameroon, accounting for a 65% share of total imports. Moreover, blood-grouping reagents imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. The third position in this ranking was taken by Italy (X kg), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +62.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.7% per year) and Italy (+23.1% per year).

In value terms, the largest blood-grouping reagents suppliers to Cameroon were the United States ($X), Italy ($X) and South Korea ($X), together accounting for 46% of total imports. Japan, Hong Kong SAR, France, Germany, India, Egypt, China, Congo, Nigeria and Belgium lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +44.1%, recorded the highest growth rate of the value of imports, 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, with an increase of 3.3% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 decreased by -9.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 38%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 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 United States ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform