Costa Rica: Blood-Grouping Reagents Market 2024

Blood-Grouping Reagents Market Size in Costa Rica

The Costa Rican blood-grouping reagents market expanded slightly to $X in 2022, increasing by 2.2% against the previous year. Overall, consumption, however, saw a slight downturn. Blood-grouping reagents consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Blood-Grouping Reagents Production in Costa Rica

In value terms, blood-grouping reagents production rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 55%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Blood-Grouping Reagents Exports

Exports from Costa Rica

In 2022, overseas shipments of blood-grouping reagents were finally on the rise to reach X kg after two years of decline. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 357%. As a result, the exports attained the peak of X kg. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, blood-grouping reagents exports expanded notably to $X in 2022. Over the period under review, exports, however, showed a dramatic contraction. The pace of growth appeared the most rapid in 2014 with an increase of 249%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

El Salvador (X kg), the Dominican Republic (X kg) and Panama (X kg) were the main destinations of blood-grouping reagents exports from Costa Rica, together accounting for 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of +4.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Dominican Republic ($X) remains the key foreign market for blood-grouping reagents exports from Costa Rica, comprising 42% of total exports. The second position in the ranking was taken by Panama ($X), with a 19% share of total exports. It was followed by Guatemala, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-32.6% per year) and Guatemala (-7.5% per year).

Export Prices by Country

In 2022, the average blood-grouping reagents export price amounted to $X per ton, which is down by -43% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the peak figure 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to El Salvador ($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 Guatemala (+2.0%), while the prices for the other major destinations experienced a decline.

Blood-Grouping Reagents Imports

Imports into Costa Rica

Blood-grouping reagents imports into Costa Rica declined to X kg in 2022, shrinking by -1.7% on 2021 figures. Overall, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 64% against the previous year. Imports peaked at X kg in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, blood-grouping reagents imports declined remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 113% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Switzerland (X kg), Spain (X kg) and Argentina (X kg) were the main suppliers of blood-grouping reagents imports to Costa Rica, together comprising 41% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Spain ($X) and France ($X) constituted the largest blood-grouping reagents suppliers to Costa Rica, together comprising 36% of total imports.

Among the main suppliers, France, with a CAGR of +80.2%, saw 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

In 2022, the average blood-grouping reagents import price amounted to $X per ton, which is down by -19.3% against the previous year. In general, the import price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 76%. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+80.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform