Czech Republic: Composite Laboratory Reagents Market 2024

Composite Laboratory Reagents Market Size in the Czech Republic

In 2022, after five years of growth, there was significant decline in the Czech composite laboratory reagents market, when its value decreased by -39.7% to $X. Over the period under review, consumption recorded a noticeable descent. Composite laboratory reagents consumption peaked at $X in 2021, and then fell significantly in the following year.

Composite Laboratory Reagents Production in the Czech Republic

In value terms, composite laboratory reagents production amounted to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Composite Laboratory Reagents Exports

Exports from the Czech Republic

In 2022, the amount of composite diagnostic or laboratory reagents exported from the Czech Republic skyrocketed to X tons, surging by 17% against the previous year. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, composite laboratory reagents exports rose sharply to $X in 2022. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of composite laboratory reagents exports from the Czech Republic, with a combined 38% share of total exports. Russia, Croatia, Hungary, Germany, Serbia, Belgium, Vietnam, Ukraine, Turkey and France lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +85.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Slovakia ($X) and Poland ($X) appeared to be the largest markets for composite laboratory reagents exported from the Czech Republic worldwide, with a combined 47% share of total exports. Germany, Belgium, France, Hungary, Serbia, Russia, Croatia, Ukraine, Turkey and Vietnam lagged somewhat behind, together accounting for a further 33%.

Serbia, with a CAGR of +76.2%, saw 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 composite laboratory reagents export price stood at $X per ton in 2022, falling by -5.4% against the previous year. Over the period under review, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 32% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while the average price for exports to Russia ($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 Austria (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Laboratory Reagents Imports

Imports into the Czech Republic

In 2022, purchases abroad of composite diagnostic or laboratory reagents decreased by -10.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, composite laboratory reagents imports declined to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of composite laboratory reagents imports to the Czech Republic, together accounting for 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +70.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest composite laboratory reagents suppliers to the Czech Republic, with a combined 68% share of total imports.

China, with a CAGR of +60.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average composite laboratory reagents import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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